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The Larisa Company is coming out of reorganization with the following accounts: the company's assets have a S760.000 reorganization value. As part of the reorganization,

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The Larisa Company is coming out of reorganization with the following accounts: the company's assets have a S760.000 reorganization value. As part of the reorganization, company's owners transferred 80 percent of the outstanding stock to the creditors. Prepare the journal entry that is necessary to adjust the company's records to fresh s accounting

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