On January 1, 2006, Pabst Company acquired 80% of Secor Companys common stock and 30% of Secor
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10% Preferred Stock ($100 par value)........... $ 400,000
Common Stock ($10 par value) ............ 500,000
Other Contributed Capital (Sale of common stock
in excess of par value) ............... 100,000
Retained Earnings.................. 230,000
Total....................... $1,230,000
Condensed preclosing trial balances for the two companies at December 31, 2011 are presentedbelow.
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