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Alpha company used debentures with a par value of 680,000 to acquire 100% of Zeta, inc on January 1, 20X3. On that date the fair
Alpha company used debentures with a par value of 680,000 to acquire 100% of Zeta, inc on January 1, 20X3. 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.
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