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7:26 oll 50% C G Pawl Corporation acquired 90% of Snab Corporation on January 1, 2011 for $72,000 cash when Snab's stockholders' equity consisted of

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7:26 oll 50% C G Pawl Corporation acquired 90% of Snab Corporation on January 1, 2011 for $72,000 cash when Snab's stockholders' equity consisted of $30.000 of Capital Stock and $30,000 of Retained Earnings. The difference between the fair value of Snabl's assets and liabilities and the book vakie was I allocated to a plant asset with a remaining 10-year straight-line life that was overvalued on the books by $5,000. The remainder was attributable to goodwil. The separate company statements for Pawi and Snab appear in the first two columns of the partially completed consolidation working papers 8 Required Complete the coon working Papers for Pawland Srab for the year 2011 11 15 1 10 21 13 31 31 at.. Other - workings Info + MIT 0

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