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    "question_id": "4233848",
    "url": "\/study-help\/questions\/record-the-acquisition-entry-for-the-bargain-purchase-under-the-4233848",
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    "meta_title": "[Solved] Record the acquisition entry for the barg | SolutionInn",
    "meta_description": "Answer of - Record the acquisition entry for the bargain purchase under the acquisition method with Deluxe Company. Allerton Compa | SolutionInn",
    "meta_keywords": "record,acquisition,entry,bargain,purchase,method,deluxe,company,allerton,acquires,s,assets",
    "question_title_h1": "Record the acquisition entry for the bargain purchase under the acquisition method with Deluxe Company. Allerton Company acquires all of Deluxe Company's assets and liabilities",
    "question_title": "Record the acquisition entry for the bargain purchase under the acquisition method",
    "question_title_for_js_snippet": "Record the acquisition entry for the bargain purchase under the acquisition method with Deluxe Company  Allerton Company acquires all of Deluxe Company's assets and liabilities for cash on January 1, 2015, and subsequently formally dissolves Deluxe  At the acquisition date, the following book and fair values were available for the Deluxe Company accounts  (Please see attachments) Prepare Allerton's entry to record its acquisition of Deluxe in its accounting records assuming the following cash exchange amounts (If no entry is required for a transaction event, select  No journal entry required  in the first account field ) 1  160,500 00 Record the acquisition method entry for merger with Deluxe Company  2  105,000 00 Record the acquisition entry for the bargain purchase under the acquisition method with Deluxe Company ",
    "question_description": "<ul><li>Record the acquisition entry for the bargain purchase under the acquisition method with Deluxe Company.<\/li><\/ul><p>Allerton Company acquires all of Deluxe Company's assets and liabilities for cash on January 1, 2015, and subsequently formally dissolves Deluxe. At the acquisition date, the following book and fair values were available for the Deluxe Company accounts: (Please see attachments)<\/p><table><tbody><tr><td> <p>Prepare Allerton's entry to record its acquisition of Deluxe in its accounting records assuming the following cash exchange amounts:(If no entry is required for a transaction\/event, select \"No journal entry required\" in the first account field.)<\/p> <\/td><\/tr><\/tbody><\/table><p>1. 160,500.00<\/p><ul><li>Record the acquisition method entry for merger with Deluxe Company.<\/li><\/ul><p> <\/p><p>2. 105,000.00<\/p><ul><li>Record the acquisition entry for the bargain purchase under the acquisition method with Deluxe Company.<\/li><\/ul><img src=\"https:\/\/s3.amazonaws.com\/si.experts.images\/answers\/2024\/06\/667e69dd9588e_669667e69dd84e1f.jpg\" alt=\"image text in transcribed\">",
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    "question_posted": "2024-06-28 03:44:29",
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