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Allerton Company acquires all of Deluxe Company s assets and liabilities for cash on January 1 , 2 0 2 1 , and subsequently formally
Allerton Company acquires all of Deluxe Companys assets and liabilities for cash on January and subsequently formally dissolves Deluxe. At the acquisition date, the following book and fair values were available for the Deluxe Company accounts: Book Values Fair Values Current assets $ $ Building Land Trademark Goodwill Liabilities Common stock Retained earnings & Prepare Allertons entry to record its acquisition of Deluxe in its accounting records assuming the following cash exchange amounts: $ and $
Allerton Company acquires all of Deluxe Companys assets and liabilities for cash on January and subsequently formally dissolves Deluxe. At the acquisition date, the following book and fair values were available for the Deluxe Company accounts:
Book
Values Fair
Values
Current assets $ $
Building
Land
Trademark
Goodwill
Liabilities
Common stock
Retained earnings
& Prepare Allertons entry to record its acquisition of Deluxe in its accounting records assuming the following cash exchange amounts: $ and $
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