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TMC, Inc., dominates the snack-food industry with its Salty Chip brand. Assume that TMC purchased Red River Chips Company for $6.0 million cash. The market

image text in transcribed TMC, Inc., dominates the snack-food industry with its Salty Chip brand. Assume that TMC purchased Red River Chips Company for $6.0 million cash. The market value of Red River Chips' assets $8 million, and Red River Chips has liabilities with a market value of $4.1 million. Read the requirements

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