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Company A acquires company B for 400,000 in cash. Company B has total assets of 500,000, liabilities of 100,000 common stock of 300,000 and retained

Company A acquires company B for 400,000 in cash.

Company B has total assets of 500,000, liabilities of 100,000 common stock of 300,000 and retained earnings of 100,000.

What is the correct journal entry to record the transaction for company A?

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