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Flag question Time left 0:22:07 On 1-1-2020, the statements of financial position of companies A & B, both in book values and fair values, appeared
Flag question Time left 0:22:07 On 1-1-2020, the statements of financial position of companies A & B, both in book values and fair values, appeared as below: Cash Other current assets Equipments accumulated depreciation - equipments ada Time left 0:22:02 Cash Other current assets Equipments accumulated depreciation - equipments Lands Total Assets Liabilities capital - common stocks Other contributed capital retained earnings Total liabilities & equities A E UL Book fair book 80000 80000 13000 160000 170000 45000 70000 50000 20000 -10000 30000 10000 5000 330000 310000 83000 100000 100000 15000 150000 50000 50000 18000 30000 0 330000 83000 A B fair book fair 80000 13000 11000 170000 45000 54000 50000 20000 22000 10000 5000 13000 310000 83000 100000 100000 15000 10000 50000 18000 0 83000 ) 18000 ) 0 Time left 0:21:40 0 83000 On the same date, company C was established with a capital of JD 700000 paid in cash. Company C acquired the net assets of company A for JD 250000. Also it acquired the net assets of company B for JD 150000. It incurred JD 40000 legal & accounting fees paid in cash. This kind of business combination can be expressed as: A + B = C A + B = B A + B = A
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