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May you show all the work thanks In a pre-2009 business combination, Acme Company acquired all of Brem Company's assets and liabilities for cash. After

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In a pre-2009 business combination, Acme Company acquired all of Brem Company's assets and liabilities for cash. After the combination Acme formally dissolved Brem. At the acquisition date, the following book and fair values were avalilable for the Brem Company accounts: 61,800 61,800 Equipment Liabilities Common stock Retained earnings 157,000 (73,800) (45,000) 220,000 330,000 (73,800) (100,000) In addition, Acme paid an investment bank $31,100 cash for assistance in arranging the combination. a. Using the legacy purchase method for pre-2009 business combinations, prepare Acme's entry to record its acquisition of Brem in its accounting records assuming the following cash amounts of $640,700 and $424,700 were paid to the former owners of Brem. b. How would these journal entries change if the acquisition occurred post-2009 and therefore Acme applied the acquisition method? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round your intermediate calculations.) View transaction list Journal entry worksheet Record the acquisition of Brem using the purchase method assuming $640,700 was paid to the former owners of Brem

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