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On January 1, 2005, Coot Company acquired a 15% interest in Roost Corporation for $120,000 when Roosts stockholders equity consisted of $600,000 capital stock and
On January 1, 2005, Coot Company acquired a 15% interest in Roost Corporation for $120,000 when Roosts stockholders equity consisted of $600,000 capital stock and $200,000 retained earnings. Book values of Roosts net assets equaled their fair values on this date
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Management Accounting
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
7th Edition
978-1760421144, 1760421146
