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What is the capital stock balance

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Question - 1/1/2020, Co. X acquired 75% of the voting stock of Co. Y at a cost of $185,000. At the date of acquisition, the capital stock of Co. X and Co. Y was $400,000 and $130,000, respectively. What is the capital stock balance that would appear on the consolidated balance sheet at the date of acquisition?

A-$400,000

B-$530,000

C-$185,000

D-$497,500

Reference no: EM132995956

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