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Accounting for Business Combination 1 . On January 1, 20X2, Tanangonan Company acquired all the assets and assumed all the liabilities of Ong Company. In

Accounting for Business Combination 1 . On January 1, 20X2, Tanangonan Company acquired all the assets and assumed all the liabilities of Ong Company. In exchange for the net assets of Ong, Tanangonan...

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