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Constructing the Consolidated Balance Sheet at Acquisition Winston Company purchased all of Marcus Company's common stock for $ 4 2 0 , 0 0 0

Constructing the Consolidated Balance Sheet at Acquisition

Winston Company purchased all of Marcus Company's common stock for $

420, 000

cash on January

1,

at which time the separate balance sheets of the two corporations appeared as follows.

adjustments and the consolidated balance sheet at acquisition.

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