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On January 1 , 2 0 2 3 , Procise Corporation acquired 1 0 0 percent of the outstanding voting stock of GaugeRite Corporation for

On January

1, 2023,

Procise Corporation acquired

100

percent of the outstanding voting stock of GaugeRite Corporation for $

2, 038, 100

cash. On the acquisition date, GaugeRite had the following balance sheet:

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