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The Mountain stream company (MSC) had the following transactions during the year, journalize each transaction separately a. MSC paid $500,000 to acquire land, buildings and
The Mountain stream company (MSC) had the following transactions during the year, journalize each transaction separately a. MSC paid $500,000 to acquire land, buildings and equipment. At the time of the acquisition the company paid $50,000 for an appraisal which revealed the following values: Land-$150,000 Building-$250,000 Equipment-$200,000
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