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Business, 27.05.2020 22:07 hamie5124

On January 3, 20X9, Pleat Company acquired 80 percent of Stitch Corporation's common stock for $344,000 in cash. At the acquisition date, the book values and fair values of Stitch's assets and liabilities were equal, and the fair value of the noncontrolling interest was equal to 20 percent of the total book value of Stitch. The stockholders' equity accounts of the two companies at the acquisition date are:

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On January 3, 20X9, Pleat Company acquired 80 percent of Stitch Corporation's common stock for $344,...
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