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On June 2010 Maio Casquired all of the common block of Golden Company, which contie De Caldepotet med ting of the requisition Golden Company Stament
On June 2010 Maio Casquired all of the common block of Golden Company, which contie De Caldepotet med ting of the requisition Golden Company Stament of Financial Position Anne Labin Plant is (net) $1,250,000 Share capital SL.04.000 Tavary 30.000 Retained caring 1.000.000 Receivables 750,000 Acopyshe 625.000 Cash 3.50.000 Total se 52.720.000 Total equity and liabilities $2.720.000 An appraisal indicated that the fair value of the inventory was 5375,000 and the fair value of the plants was $1.500 The speed purchase was cash to the previous owners of Golden Company Required: a. Prepare the entry to record the purchase of Golden Company b. Assume that the carrying amount of Golden Company division's not assets, including goodwil is $2.800,000. The recoverable amount of the division is to be 3,200,000. Prepare the journal entry to record the impairment loss (if any) on December 31, 2019 or the toolbar, press ALT F10 (PC) O ALT.FNF10Mac P TU S Arial Paragraph A 10pt LIXO QE
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