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Monroe Company purchased 80% of Adams Company on January 1,20X1. The purchase price paid was $600,000. On that day, the bookvalue of Adams was $500,000.

Monroe Company purchased 80% of Adams Company on January 1,20X1. The purchase price paid was $600,000. On that day, the bookvalue of Adams was $500,000. Excess of cost over book value is dueto good 2 answers

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