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Ryan Company Owns 80% of Chase Company

Question 7

Multiple Choice

Ryan Company owns 80% of Chase Company. The original balances presented for Ryan and Chase as of January 1, 2013, are as follows: Ryan Company owns 80% of Chase Company. The original balances presented for Ryan and Chase as of January 1, 2013, 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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