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Professor Corporation acquired 70 percent of Scholar Corporations common stock on December 31,20X4, for $102,200....

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Accounting

Professor Corporation acquired 70 percent of Scholar Corporations common stock on December 31,20X4, for $102,200. The fair value of the noncontrolling interest at that date was determined to be $43,800. Data from the balance sheets of the two companies included the following amounts as of the date of acquisitio

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