=+c. Company D purchased all the common stock of Company ABC for $900 in cash. Company D

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=+c.

Company D purchased all the common stock of Company ABC for

$900 in cash. Company D thereby acquired Company ABC's work-

ing capital other than cash (a net current liability of $100) and its property, plant, and equipment valued at $3,000, while assuming Company ABC's long-term debt of $2,000.

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