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B Company purchased 8 0 % of the outstanding common stock of D Company on January 2 , 2 0 2 0 , for $
B Company purchased of the outstanding common stock of D Company on January for $ Balance sheets for B
Company and D Company immediately after the stock acquisition were as follows:
D Company owed B Company $ on open account on the date of acquisition.
Prepare a consolidated balance sheet for B and D Companies on the date of acquisition. Any difference between the value implied by
the purchase price of the investment and the book value of net assets acquired relates to subsidiary land. The book values of
Company's other assets and liabilities are equal to their fair values. List assets in order of liquidity.
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