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Pretzel Corporation acquired 1 0 0 percent of Stick Company's outstanding shares on January 1 , 2 0 X 7 . Balance sheet data for

Pretzel Corporation acquired 100 percent of Stick Company's outstanding shares on January 1,20X7. Balance sheet data for the two companies immediately after the purchase follow:
\table[[,\table[[Pretzel],[Corporation]],\table[[Stick],[Company]]],[Cash,$70,000,$35,000
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