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QUESTION 5 The book value of owner' equity of Company was $100.000 on Jan 1, 20x8, On this date Company Pacquired 75% shares of Companys

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QUESTION 5 The book value of owner' equity of Company was $100.000 on Jan 1, 20x8, On this date Company Pacquired 75% shares of Companys at book also by issuing bonds with a par value and fair value of $75,000. In recording the journal entry of acquisition, Additional Paid in Capital will be credited with $15,000 Bonds Payable will be credited with $75,000 Bond Discount will be debited with $15,000 Bonds Premium will be credited with $15,000 QUESTION On

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