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Question 10 X Corporation acquired 80 percent of Y Corporation's outstanding capital stock for $430,000 cash Immediately before the purchase, the balance sheets of both

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Question 10 X Corporation acquired 80 percent of Y Corporation's outstanding capital stock for $430,000 cash Immediately before the purchase, the balance sheets of both Not yet answered corporations reported the following: Marked out of XCO Y CO 1.00 Assets $2,000,000 $750,000 222 P Flag question Common Stock 290 310,000 40,000 Llabilities $750,000 $400,000 1,000,000 Retained Earnings 250,000 Liabilities & Stockholders' Equity $2.000.000 $750.000 At the date of purchase, the fair value of Y assets was $50,000 less than the Book value amounts. In the consolidated balance sheet prepared immediately after the purchase, the goodwill should S37 Finish attem amount to Time felt 1:34 Select one: 3. 137.500 130,000 237.500 10.000

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