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On January 1, Year 7, Prudent purchased 75% of the outstandingshares of Safe for $1,287,000.At that time, Safe`s assets and liabilities had the followingbook and

On January 1, Year 7, Prudent purchased 75% of the outstandingshares of Safe for $1,287,000.At that time, Safe`s assets and liabilities had the followingbook and fair values.During Year 7, Prude 2 answers

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