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Ryan Company purchased 80% of Chase Company for $240,000 when Chases book value was $300,000. Chase has 50,000 shares outstanding and currently has a book

Ryan Company purchased 80% of Chase Company for $240,000 when Chases book value was $300,000. Chase has 50,000 shares outstanding and currently has a book value of $400,000. Assume Chase reacquired

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