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Paro Company Purchased 80% of the Voting Common Stock of Sabon

Question 3

Multiple Choice

Paro Company purchased 80% of the voting common stock of Sabon Company for $900,000. There are no liabilities. The following book and fair values are available for Sabon: Paro Company purchased 80% of the voting common stock of Sabon Company for $900,000. There are no liabilities. The following book and fair values are available for Sabon: The machinery will appear on the consolidated balance sheet at ____. A) $600,000 B) $540,000 C) $480,000 D) $300,000 The machinery will appear on the consolidated balance sheet at ____.


A) $600,000
B) $540,000
C) $480,000
D) $300,000

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