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Prepare the consolidated balance sheet on date of acquisition. 52) Telecom Inc has decided to purchase the shares of Intron Inc. for $300,000 in cash
Prepare the consolidated balance sheet on date of acquisition.
52) Telecom Inc has decided to purchase the shares of Intron Inc. for $300,000 in cash on July 1, 2022. On the date, the balance sheets of each of these companies were as follows: On that date, the fair values of Intron's assets and liabilities were as followsStep by Step Solution
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