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on 19 ered XYZ Inc is going through a reorganization and will do a comprehensive revaluation of its assets and liabilities. Its assets have net
on 19 ered XYZ Inc is going through a reorganization and will do a comprehensive revaluation of its assets and liabilities. Its assets have net book values of $590,355 for land, $425,323 for buildings, and $53,665 for goodwill. Under the reorganization plan, the fair values of these assets are determined to be $461,537 for land and$328,717 for buildings, while the goodwill will be completely written off. How much will be debited or credited to the Reorganization Account under this comprehensive revaluation of assets and liabilities? ed out of g question O a $293,043 O b. $279,089 O c. $265,135 O d. $286,066 O e $272,112
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