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What is the dollar amount of Wallace Corp net assets

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Question - Dodd CO acquired 75% of the common stock of Wallace Corp. for 1,800,000. The fair value of Wallace's net assets was $2,100,000 and the book value was $1,900,000.  The noncontrolling interest shares of Wallace Corp are not actively traded.

Required - What is the dollar amount of Wallace Corp's net assets that would be represented in a consolidated balance sheet prepared at the date of acquisition?

Reference no: EM132859136

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