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15-02-2024
Business

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Pillow Corporation acquired 80% ownership of Sheet Company on January 1, 2007, for $173,000. At that date, the fair value of the noncontrolling interest was $43,250. The trial balances

What percentage of ownership did Pillow Corporation acquire of Sheet Company on January 1, 2007?
A) 70%
B) 80%
C) 90%
D) 100%

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