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Power Corporation acquired 100 percent ownership of ScrubCompany on February 12, 20X9. At the date of acquisition, ScrubCompany reported assets and liabilities with book values

Power Corporation acquired 100 percent ownership of ScrubCompany on February 12, 20X9. At the date of acquisition, ScrubCompany reported assets and liabilities with book values of$433,000 and $167, Power Corporation acquired 100 percent ownership of Scrub Company on February 12, 20X9. At the date of acquisition, Scrub Company reported assets and liabilities with book values of \( \$ 433,000 \) a 1 answer

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