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1. On January 1, 20X8, Alaska Corporation acquired MercantileCorporation's net assets by paying $160,000 cash. Balance sheetdata for the two companies and fair value information

1. On January 1, 20X8, Alaska Corporation acquired MercantileCorporation's net assets by paying $160,000 cash. Balance sheetdata for the two companies and fair value information forMercantile Corpo 2 answers

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