Ryan Company purchased 80% of Chase Company for $270,000 when Chase's book value was $300,000....
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Ryan Company purchased 80% of Chase Company for $270,000 when Chase's book value was $300,000. Chase has 50,000 shares outstanding and currently has a book value of $400,000, Assume Chase issues 30,000 additional shares common stock solely to Ryan for $12 per share. What is the new percent ownership Ryan owns in Chase? 80.0% 90.0%, 75.0% 82.5%, 875%
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