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(Solved): Novak Company acquired an 80% interest in the common stock of Crane Company for $1,544,800 on July 1 ...



Novak Company acquired an

80%

interest in the common stock of Crane Company for

$1,544,800

on July 1, 2022. Crane Company's stockholders' equity on that date consisted of: \table[[Common stock,

$802,600


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