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Huey Company acquires 100% of the stock of Solar Corporation on January 1, 2019. for $2.400.000 cash. As of that date Solar had the following

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Huey Company acquires 100% of the stock of Solar Corporation on January 1, 2019. for $2.400.000 cash. As of that date Solar had the following account balances As of that date Solar had the following account balances Cash Accounts receivable Inventory Building net 10 year lifel Equipment.net (5 year lifel Land Accounts Payable Bonds Payable Face amount $1,000,000, due 12/31/2023 Common stock Additional paid in capital Retained earning Book Value Fair value $630,000 $630,000 775.000 775.000 350.000 400,000 1,000,000 900,000 300.000 400.000 600,000 900,000 125.000 125,000 2,000,000 2050.000 500,000 250.000 780.000 In 2019 and 2020: Solar had net income of $250,000 and $240.000, respectively. In addition Solat paid dividends of $16,000 in both ynors, Inventory is assumed to be sold in 2019. Assume straight line amortization/depreciation for assets and bonds payable What was the amount of softheunion price ove book value of Solareness O $250,000 O $$70,000 O $870,000 o $1,120,000

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