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QUESTION 26 During 2020, Bosnia Company purchased the net assets of Moldova Corporation for $2,000,000. On the date of the transaction, Moldova had $600,000 of
QUESTION 26 During 2020, Bosnia Company purchased the net assets of Moldova Corporation for $2,000,000. On the date of the transaction, Moldova had $600,000 of liabilities. The fair value of Moldova's assets when acquired were as follows: +2 Current assets $ 1,080,000 Noncurrent assets -2.520.000 $3,600,000 The net impact of this transaction on Bosnia's 2020 Net Income is
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