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Scott Co. paid $2,800,000 to acquire all of the common stock ofDawn Corp. on January 1, 2020. Dawn??s reported earnings for 2020totaled $512,000, and it

Scott Co. paid $2,800,000 to acquire all of the common stock ofDawn Corp. on January 1, 2020. Dawnâ??s reported earnings for 2020totaled $512,000, and it paid $160,000 in dividends during theyear. 2 answers

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