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Business, 03.09.2019 18:30 hfleysher

On january 1, big company acquires all of the common stock of little company by issuing 400,000 shares of $1 par value stock with a market value of $12 per share. little reports earnings of $864,000 and pays dividends of $240,000 in the year of acquisition. the amortization of allocations related to the investment was $48,000. big's net income, not including the investment, was $6,360,000, and it paid dividends of $400,000.what is the amount of consolidated net income? $6,360,000$7,224,000$6,600,000$7,17 6,000$6,552,000

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