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gidscollege blackboard.com%252Fwebapps. im Keen Inc and Lax Inc had the following balance sheets on October 31, 2019 Keen ind Lax Inc (carrying value carrying value

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gidscollege blackboard.com%252Fwebapps. im Keen Inc and Lax Inc had the following balance sheets on October 31, 2019 Keen ind Lax Inc (carrying value carrying value $300,000 $ 80.000 $ 60,000 $ 24,000 $ 30,000 $ 54.000 $310.000 $280.000 $ 12000 $700.000 $450,000 $150.000 $200.000 $400,000 $12000 $100.00 $ 0000 $50,000 $70000 $700.000 545000 Lax Inc fair value S 80.000 $ 24,000 $ 50 000 $300000 $ 16.000 Cash Accounts Receivable Inventory Plant and Equipment (net Trademark Total Assets Accounts Payable Donds Payable Common Shares Retained Earnings Total Liabilities and Equity $200/000 $100,000 Assuming that keen Purchases 80% of Lax for a cash consideration of $240.000 on November 1, 2019. prepare under the Fair Value Enterprise Method ay the journal entry that keen Inc. would make to record the acquisition by the elimination entry necessary to produce consolidated balance sheet on the acquisition date

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