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Question 13 Not yet answered Marked out of 1.50 P Flag question Simmons Corporation paid $170,000 to acquire all of Bush Company's net assets. Bush

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Question 13 Not yet answered Marked out of 1.50 P Flag question Simmons Corporation paid $170,000 to acquire all of Bush Company's net assets. Bush reported assets with a book value of $189,000 and a fair value of $206,000 and liabilities with a book value and fair value of $48,000 on the date of the combination. Simmons also paid $8,000 to a search firm for finder's fees related to the acquisition. What amount will be recorded as investment by Simmons Corporation? Select one: a. 162,000 b. 158,000 c. 170,000 d. 178,000

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