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Exercise 3-8 (Algo) Subsidiary Acquired with Bonds LO 3-5 Peace Computer Corporation acquired 75 percent of Symbol Software Company's stock on January 2, 20X3, by
Exercise 3-8 (Algo) Subsidiary Acquired with Bonds LO 3-5 Peace Computer Corporation acquired 75 percent of Symbol Software Company's stock on January 2, 20X3, by issuing bonds with a par value of $69,500 and a fair value of $87,000 in exchange for the shares. Summarized balance sheet data presented for the companies just before the acquisition follow: Required: Prepare a consolidated balance sheet immediately following the acquisition
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