Use the same information as presented in question (22) but assume that Arlington pays cash of $2.3

Question:

Use the same information as presented in question (22) but assume that Arlington pays cash of $2.3 million. No stock is issued. An additional $40,000 is paid in direct combination costs. For each of the following accounts, determine what balance would be included in a February 1 consolidation.

a. Goodwill.

b. Expenses.

c. Retained Earnings, 1/1.

d. Buildings.

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