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UkoKoshka [18]
3 years ago
10

Determine allison's december 31, 2018, investment in mathias balance.

Business
1 answer:
bagirrra123 [75]3 years ago
4 0
Allison Corporation acquired all of the outstanding voting stock of Mathias, Inc., on January 1, 2017, in exchange for $6,059,500 in cash. Allison intends to maintain Mathias as a wholly owned subsidiary. Both companies have December 31 fiscal year-ends. At the acquisition date, Mathias’s stockholders’ equity was $2,045,000 including retained earnings of $1,545,000
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