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QUESTION 11 On Jan 1, Salem Company gained control over Abdulla Company by purchasing 15.000 hl About Com Onycom Company and a market value of

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QUESTION 11 On Jan 1, Salem Company gained control over Abdulla Company by purchasing 15.000 hl About Com Onycom Company and a market value of $30 per share. Abdulla company stock wing for 3 personation about About Company dom Abdul ca Abdu Co Book Values For Voks Cash & Receivables 45,000 45.000 Inventory 65,000 75.000 Land 40,000 70.000 Buildings & Equipment 400,000 350.000 Accumulated Depreciation (150,000) Patent 80,000 Current Liabilities 100,000 110,000 Required: Provide any relevant journal entries related to the acquisition made by: 1 - Salem Company 2 - Abdulla Company V For the toolbar, press ALT+F10 (PC) or ALT+FN-F10 (Mac). Is Paragraph Arial int 14px I XE V Click Save and Submit to save and submit. Click Save All Answers to save all answers

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