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Pepper Inc., a calendar-year reporting company, acquired 100 percent of Salt Inc.s outstanding common stock at a cost of $442,500 on 12/31/X8. The analysis of
Pepper Inc., a calendar-year reporting company, acquired 100 percent of Salt Inc.s outstanding common stock at a cost of $442,500 on 12/31/X8. The analysis of the parents Investment account as of the acquisition date shows: Book value element
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