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Ryan Company Owns 80% of Chase Company

Question 106

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Ryan Company owns 80% of Chase Company. The original balances presented for Ryan and Chase as of January 1, 2011, are as follows:
Ryan Company owns 80% of Chase Company. The original balances presented for Ryan and Chase as of January 1, 2011, are as follows:   Assume Chase issues 30,000 additional shares common stock solely to Ryan for $12 per share. What is the adjusted book value of Chase Company after the issuance of the shares?  A)  $608,000. B)  $720,000. C)  $680,000. D)  $760,000. E)  $400,000.
Assume Chase issues 30,000 additional shares common stock solely to Ryan for $12 per share.
What is the adjusted book value of Chase Company after the issuance of the shares?


A) $608,000.
B) $720,000.
C) $680,000.
D) $760,000.
E) $400,000.

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