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LCompany purchased 80% of the outstanding common stock of E Company on January 2,2020, for...

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Accounting

LCompany purchased 80% of the outstanding common stock of E Company on January 2,2020, for $380,000. Balance sheets for L Company and E Company immediately after the stock acquisition were as follows:
\table[[,L Company,E Company],[Current assets,$162,000,$105,000
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