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On 1/VX1, Big Company purchased 100% of Small Company's common stock for $900,000 and elected the equity method. At the time, Small's equity included $400,000

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On 1/VX1, Big Company purchased 100% of Small Company's common stock for $900,000 and elected the equity method. At the time, Small's equity included $400,000 of capital stock and $300,000 of retained earnings. An appraisal of Small's assets identified the following items

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