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Am Co. acquired another company for $2M. The following were acquired; Book value Fair value Short term investment $300K $300K Inventory $90K $75K Land $500K
Am Co. acquired another company for $2M. The following were acquired; Book value Fair value Short term investment $300K $300K Inventory $90K $75K Land $500K $100K Customer list $400K $600K Payable $50K $50K.
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Am Co can record the acquisition of the other company using the fair value method Heres a breakdown ...
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Intermediate Accounting Volume 2
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
8th Edition
1260881245, 9781260881240
