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QUESTION 14 Spur Company issued bonds with a par value of $670,000 (and market value of $6 Fair value of the net assets of Jasper

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QUESTION 14 Spur Company issued bonds with a par value of $670,000 (and market value of $6 Fair value of the net assets of Jasper Company: Accounts receivable $250,000 Land and machinery $400,000 Accounts payable $50,000 The journal entry in the books of Spur to record the acquisition will include a Debit to Goodwill of $70,000 Credit Bargain of $130,000 Credit to Goodwill of $130,000 Debit to Goodwill of $60,000 ESTION 15 rket value of $660,000) to acquire all net assets of Jasper Company. nclude a

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