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tion 6 et X Corporation acquired 100 % of Y Corporation's outstanding capital stock for $430,000 cash. Immediately before the purchase, the balance sheets of

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tion 6 et X Corporation acquired 100 % of Y Corporation's outstanding capital stock for $430,000 cash. Immediately before the purchase, the balance sheets of both corporations reported the following: ered ed out of XCO Y CO Assets $2,000,000 $750,000 Tag question Liabilities $ 750,000 $400,000 Common Stock 1,000,000 310,000 Retained Earnings 250,000 40,000 Liabilities & Stockholders' Equity $2,000,000 $750,000 At the date of purchase, the fair value of Y assets was $50,000 more than the Book value amounts. In the consolidated balance sheet prepared immediately after the purchase the consolidated stockholders' equity should amount to Select one a 1.600.000 D 1.250,000 C1,650,000 3 d. 1,680,000

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