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(a) Calculate the gain on acquisition in this bargain purchase. $x million (b) Prepare a working paper to consolidate the balance sheets of Paxon and

image text in transcribed (a) Calculate the gain on acquisition in this bargain purchase. $x million (b) Prepare a working paper to consolidate the balance sheets of Paxon and Saxon at December 31, 2012. Remember to use negative signs with your credit balance answers in the Dr(Cr) columns

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