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Lalisa Corporation purchased the net assets of Jendeuki Corporation on January 2, 2011 for $560,000. Jendeuki's balance sheet on January 1, 2021 was as follows:

Lalisa Corporation purchased the net assets of Jendeuki Corporation on January 2, 2011 for $560,000. Jendeuki's balance sheet on January 1, 2021 was as follows: Fair values agree with book values ...

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