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Poon Corporation acquired all of the stock of Santo Corporation on January 2 , 2 0 2 3 , for $ 2 5 , 0

Poon Corporation acquired
all of the stock of Santo Corporation on January 2,2023, for $25,000,000 cash and debt. The book value
of Santo's shareholders' equity was $10,000,000 and the resulting $15,000,000 excess of acquisition cost
over book value was allocated as follows:

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