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on january 1, 2015, top bun acquired 100% of the outstanding shares of bread pitt at a cost of $1,800,000. at this point in time,

on january 1, 2015, top bun acquired 100% of the outstanding shares of bread pitt at a cost of $1,800,000. at this point in time, the fmv of bread pitt's identifiable net assets was $1,275,000, including $405,000 for land. the tax values of the net assets at that time totalled

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