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On January 1 , 2 0 X 7 , Pisa Company acquired 8 0 percent of Siena Company by purchasing 4 0 , 0 0
On January X Pisa Company acquired percent of Siena Company by purchasing shares of Siena's common stock. There was no differential related to this transaction. The noncontrolling interest had a fair value equal to percent of book value. The book value of Siena on December was as follows:
tableCommon Stock $ par value$
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