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On 1/1/2019 Company A4 purchased all of the shares of company BB from its shareholders. In return, Company AA paid those shareholders S50,000 in cash

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On 1/1/2019 Company A4 purchased all of the shares of company BB from its shareholders. In return, Company AA paid those shareholders S50,000 in cash and issued for them 20000 of its own shares (par value $ 2 each, market value S 8 each). Company A4 also pays $ 1,000 cash for registration fees, and S 2,000 cash consulting fees. On 1/1/2019, Company AA dissolves Company BB. The assets and liabilities of Company BB on 1/1/2019 equal the following values: Account Book value Fair value Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) Accounts payable 25,000 30,000 50,000 250,000 110,000 25,000 25,000 40,000 240,000 110,000 Provide the journal entry for the purchase Your answer Provide the journal entry for the extra business combination costs Your answer Provide the journal entry for dissolving BB and merging it into AA Your

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