KiwiJelly7384 KiwiJelly7384
  • 11-10-2022
  • Business
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parent corporation acquired 100% of the outstanding voting stock of subsidiary on january 1, 2020, in exchange for $6,059,500 in cash. after this acquisition, subsidiary remains as a wholly owned legal entity. at the acquisition date, subsidiary’s stockholders’ equity was $2,045,000 including retained earnings of $1,545,000.

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