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EJERCICIO III- SIMPLE AVERAGE ANALYSIS (Recording purchase with goodwill) Rosie Corp purchased all the outstanding stock of Mariely Corp, for $950,000. Rosie also paid $10,000
EJERCICIO III- SIMPLE AVERAGE ANALYSIS (Recording purchase with goodwill) Rosie Corp purchased all the outstanding stock of Mariely Corp, for $950,000. Rosie also paid $10,000 in direct acquisition costs. Just before the investment, the two companies had the following balance sheet: Appraisals for the assets of Mariely indicate that fair values differ from recorded book values for the inventory and for the Property, Plant \& Equipment (net) assets, which have fair values of $250,000 and $700,000, respectively. Instructions: 1. Prepare the entries to record the purchase of the Mariely Corp, common stock, and payment of acquisition costs
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