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Saved Help Plastic Company purchased 100 percent of Spoon Company's voting common stock for $668,000 on January 1, 20X4. At that date, Spoon reported assets

Saved Help Plastic Company purchased 100 percent of Spoon Company's voting common stock for $668,000 on January 1, 20X4. At that date, Spoon reported assets of $697,000 and liabilities of $243,000. Th...

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