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Pet acquired 80 percent of the common stock of Sul for $4,000,000 on January 2, 2011, when the stock- holders' equity of Sul consisted of

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Pet acquired 80 percent of the common stock of Sul for $4,000,000 on January 2, 2011, when the stock- holders' equity of Sul consisted of 5,000,000 euros capital stock and 2,000,000 euros retained earnings

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