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Michangelo co. paid accountants and lawyers 100,000 in order to acquire florence company. michangelo will treat the 100,000: a. an expense for the current year.

Michangelo co. paid accountants and lawyers 100,000 in order to acquire florence company. michangelo will treat the 100,000: a. an expense for the current year. b. a prior period adjustment to retained earnings. c. additional cost to investment of Florence on the consolidated balance sheet. d. a reduction in paid- in capital

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