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10. Kansas City Corporation holds three assets when it emerges from Chapter 11 bankruptcy reorganization: The company has a reorganization value of $600,000. a. Describe

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10. Kansas City Corporation holds three assets when it emerges from Chapter 11 bankruptcy reorganization: The company has a reorganization value of $600,000. a. Describe the rules to determine whether to apply fresh start accounting to Kansas City. b. If fresh start accounting is appropriate, how will this company's assets be reported? c. If a goodwill account is recognized ing reorganization, where should it be reported

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