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On June 1 , Cline Co . paid $ 1 , 1 3 2 , 5 0 0 cash for all of the issued and

On June $1,$ Cline Co $.$ paid $ $1, 132, 500$ cash for all of the issued and outstanding common stock of Renn Corp. The carrying amounts for Renn's assets and liabilities on June $1$ follow:

$\$ table $[[$ Cash $,$ $ $231, 000$

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On June 1 , Cline Co . paid $ 1 , 1 3 2 , 5 0 0 cash for all of the issued and

On June 1, Cline Co. paid $1,132,500 cash for all of the issued and outstanding common stock of Renn Corp. The carrying amounts for Renn's assets and liabilities on June 1 follow: \table[[Cash,$231,000

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On June $1,$ Cline Co $.$ paid $ $1, 132, 500$ cash for all of the issued and outstanding common stock of Renn Corp. The carrying amounts for Renn's assets and liabilities on June $1$ follow:

$\$ table $[[$ Cash $,$ $ $231, 000$