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Varton Corp. acquired all of the voting common stock of Caleb Co. on January 1, 2013. Varton owned some land with a book value of $84,000 that was sold to Caleb for its fair value of $120,000. How should this transaction be accounted for by the consolidated entity?
American Radio Stations
Broadcasting services in the United States that offer audio content to the public, ranging from music, news, sports, and talk shows, often regulated by the Federal Communications Commission (FCC).
1920s
A decade characterized by major economic growth, cultural and social changes, and advancements in technology and entertainment, often referred to as the "Roaring Twenties."
Russian Revolution
A series of political and social revolutions in Russia in the early 20th century that dismantled the Tsarist autocracy and led to the rise of the Soviet Union.
Armenian Genocide
The systematic mass killing and expulsion of ethnic Armenians by the Ottoman Empire during World War I.
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