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3. Please provide the journal entry for a company that you bought for $1,200,000 (you paid cash). The assets are worth $700,000 and you
3. Please provide the journal entry for a company that you bought for $1,200,000 (you paid cash). The assets are worth $700,000 and you assumed $170,000 of the company's debt. Hint: An old expression: "You need to have goodwill towards man."
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