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Alpha company used debentures with a par value of $680, 000 to acquire 100% of Zeta, Inc, on January 1, 20times3. On that date the

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Alpha company used debentures with a par value of $680, 000 to acquire 100% of Zeta, Inc, on January 1, 20times3. On that date the fair value of the debentures issued was $664,000. The following balance sheet data were reported by zeta at the point of the acquisition A. Prepare the entries necessary for Alpha to record the acquisition assuming that Zeta will be dissolved. B. Prepare the entries necessary for Alpha to record the acquisition assuming that Zeta will be dissolved and the acquisition price is met by issuing 10, 000 shares of stock with a market value of $63.00 per share and a par value of $1.00 per share. Assuming that Zeta is not dissolved: 1. what are/is the entry to record the acquisition 2. what entries are made for consolidation

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