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Required information [The following information applies to the questions displayed below.) On July 1, TruData Company issues
On its acquisition-date consolidated balance sheet, what amount should TruData report as common stock? Multiple Choice O $60.
$60,000 $284,000 $340,000 O $344.000
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Answer #1
$340,000
TruData's common stock before acquisition $284,000
Common stock issued (par value) (11,200 x $5) $56,000
Acquisition-date consolidated balance sheet amount $340,000
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