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Onay, 2016. Phone Company acquired 30 of the outstanding capital stock of Skyer Company for $570.000. On that date, the capital stock of Skyer Company

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Onay, 2016. Phone Company acquired 30 of the outstanding capital stock of Skyer Company for $570.000. On that date, the capital stock of Skyer Company was 5150,000 and is retained earnings were $450,000 On the date of acquisition the assets or Skyler Company had the following values Chin Far Market Rock Value 590.000 $165.000 150.000 160,000 inventories Pantandement All others and both book values approximately equal to their respective market. The plant and equipment had ammor 10 years from January 2016, and Ster Componentory cost nowion Skyler Companyamed 510,000 2016 and in that year of .000 mornis Company in the come guy me to confort et com Required: Como bance in the intention December, 2016

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