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Pace Corporation paid $400,000 for an 80% interest in Stew Corporation on January 1, 20X6 when the stockholders' equity of Stew consisted of $200,000 capital

Pace Corporation paid $400,000 for an 80% interest in Stew Corporation on January 1, 20X6 when the stockholders' equity of Stew consisted of $200,000 capital stock and $120,000 retained earnings. ...

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