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Nichewent Corporation had a $600,000 Common Stock balance on December 31, 20X3, when it acquired Convenet Corporation for $700,000. Convenet Corporation had a $350,000 Common

Nichewent Corporation had a $600,000 Common Stock balance on December 31, 20X3, when it acquired Convenet Corporation for $700,000. Convenet Corporation had a $350,000 Common Stock balance on that date. Assuming a consolidated balance sheet is prepared immediately after the acquisition, the amount of Common Stock that would appear on the consolidated financial statements is $

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