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On 1/1/2020, Co. X acquired 80% of the voting stock of Co. Y at a cost of $150,000. The book values of Co. Y's assets

On 1/1/2020, Co. X acquired 80% of the voting stock of Co. Y at a cost of $150,000. The book values of Co. Y's assets and liabilities at the date of acquisition were $200,000 and $30,000, respectively...

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