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on january 1, 2015, johnsonville enterprises acquired 80 percent of stayer company's outstanding common shares...

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Accounting

on january 1, 2015, johnsonville enterprises acquired 80 percent of stayer company's outstanding common shares in exchange for $3,000,000 cash. the price paid for the 80 percent ownership interest was proportionately representative of the fair value of all of stayer's shares.

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