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Problem 2-24 (Algo) (LO 2-6a, 2-6b, 2-8) The following book and fair values were available for Westmont Company as of March 1 . Arturo pays

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Problem 2-24 (Algo) (LO 2-6a, 2-6b, 2-8) The following book and fair values were available for Westmont Company as of March 1 . Arturo pays cash of $4,403,500 to acquire Westmont No stock is issued and Arturo pays $50,600 for legal fees to complete the transaction. Prepare Arturo's journal entries to record its acquisition of Westmont. (If no entry is required for a transaction/event, select 'No journol entry required" in the first account field.) Record the acquisition of Westmont Company. Note: Enter debits before credits. Record the legal fees related to the combination. Note: Enter debits before credits

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