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Required information On January 1 , 2 0 X 6 , Pumpkin Corporation acquired 7 0 percent of Spice Company's common stock for $ 2
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On January X Pumpkin Corporation acquired percent of Spice Company's common stock for $ cash. The falr value of the noncontrolling interest at that date was determined to be $ Data from the balance sheets of the two companies included the following amounts as of the date of acquisition:
tableCashPumpkin,Accounts Receivable,$SplceInventoryLandBuildings and Equipment,Less: Accumulated Depreciation,Investment in Spice Company,
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