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Betta Group purchased Danio, l for market value of Danios assets andrabilities at the time of purchase were st 000 and $360,000 respectively. The journal

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Betta Group purchased Danio, l for market value of Danios assets andrabilities at the time of purchase were st 000 and $360,000 respectively. The journal entry to record this will include: O A. debit to Investments for $960,000, credit to Cash $960,000. o B. debit to Asset accounts for s1.300,000, debit to Goodwill s20,000, credit to Liabilities $360.000 and credit to cash S960.000 o c. debit to investments for s1.300,000, credit to cash s960,000 and credit to Gain on Investment s340,000 o D. debit to Assets accounts for s1.300,000, credit to Gain on nvestments $340.000 and credit to Cash s960.000 Click to select your

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