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. Dobbin Company pays $1,575,000 to acquire 100% of the common stock of Smythe Incorporated. It assumes that Smythe's plant assets (such as the factory

. Dobbin Company pays $1,575,000 to acquire 100% of the common stock of Smythe Incorporated. It assumes that Smythe's plant assets (such as the factory building and land) are undervalued by $49,000....

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