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On January 1 , 2 0 2 3 , Palo Verde Corporation acquired 1 0 0 percent of the voting stock of Silverstone Corporation In

On January 1,2023, Palo Verde Corporation acquired 100 percent of the voting stock of Silverstone Corporation In exchange for $2,343,000 in cash and securitles. On the acquisition date, Silverstone had the following balance sheet:
\table[[Cash,$33,000,Accounts payable,$2,151,000
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