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The following balance sheets were prepared for Pam Corporation and Slest Company on January 1 , 2 0 X 2 , just before they entered

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The following balance sheets were prepared for Pam Corporation and Slest Company on January 1,20X2, just before they entered into a business combination:
\table[[Item,Pam Corporation,Slest Company],[Book Value,Fair Value,Book Value,Fair Value],[Assets,,,,],[Cash and Receivables,$158,000,$158,000,$97,000,$97,000
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