Mike Ltd purchased 80% of the outstanding voting shares of Sam Ltd at the beginning of 2009 for $387,000. At the time of purchase, Sam??s

Mike Ltd purchased 80% of the outstanding voting shares of Sam Ltd at the beginning of 2009 for $387,000. At the time of purchase, Samâ??s total stockholdersâ?? equity amounted to $475,000. Income and 1 answer