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On 2010 February 1, Larkin Company acquired 100 percent of the outstanding voting common stock...

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Accounting

On 2010 February 1, Larkin Company acquired 100 percent of the outstanding voting common stock of TRD Company for USD 8,400,000 cash. The stockholders' equity of the TRD Company consisted of common stock, USD 6,720,000, and retained earnings, USD 1,680,000.

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