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P Corporation acquired 80% of S Corporation on January 1, 2015 for $ 240,000 cash when S shareholder's equity consisted of $ 100,000 of Common

P Corporation acquired 80% of S Corporation on January 1, 2015 for $ 240,000 cash when S shareholder's equity consisted of $ 100,000 of Common Stock and $ 30,000 of Retained Earnings. The difference b...

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