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On August 15,2024 , Willis Incorporated acquired all of the outstanding common stock of Bork Incorporated paying $7,400,000 cash. The book values and fair values

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On August 15,2024 , Willis Incorporated acquired all of the outstanding common stock of Bork Incorporated paying $7,400,000 cash. The book values and fair values of Bork's assets and liabilities are listed below: Required: Prepare the journal entry to record the acquisition by Willis Incorporated

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