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Public Corporation acquired 90 percent of Station Company'svoting common stock on January 1, 20X1, for$495,900. At the time of the combination, Station reported common stockoutstanding

Public Corporation acquired 90 percent of Station Company'svoting common stock on January 1, 20X1, for$495,900. At the time of the combination, Station reported common stockoutstanding of$125,000 1 answer

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