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IBM acquired Lotus in an acquisition reported as a statutory merger. IBM incurs the following costs to acquire Lotus (in millions) At the acquisition date,

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IBM acquired Lotus in an acquisition reported as a statutory merger. IBM incurs the following costs to acquire Lotus (in millions) At the acquisition date, the reported assets and liabilities of Lotus have fair values as follows: In addition, the following items are not currently reported on Lotus' Balance Sheet: Required: Prepare the entry(ies) IBM makes to record its acquisition of Lotus

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