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Plant Company acquired all of Sprout Corporation's stock on January 1, 20X6 for $150,000 cash. On December 31 , 20x8, the trial balances of the
Plant Company acquired all of Sprout Corporation's stock on January 1, 20X6 for $150,000 cash. On December 31 , 20x8, the trial balances of the two companies were as follows: Sprout Corporation reported retained earnings of $75,000 at the date of acquisition. The difference between the acquisition price and underlying book value is assigned to buildings and equipment with a remaining economic life of five years from the date of acquisition. At December 31, 20X8, Sprout owed Plant $4,000 for services provided. Based on the preceding information, what amount of totol liabilities will be reported in the consolidated balance sheet for 208
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