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Northem purchased the entire business of Southern including all its assets and liabilities for $600,000 on December 31, 2024. Below is information related to the

Northem purchased the entire business of Southern including all its assets and liabilities for $600,000 on December 31, 2024. Below is information related to the two companies at that date: \$100,000 $300,000 $200,000 5150,000

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