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World, Inc., dominates the snack - food industry with its Salty Chip brand. Assume that World purchased Valley Chips Company for $ 5 . 6

World, Inc., dominates the snack-food industry with its Salty Chip brand. Assume that World purchased Valley Chips Company for $5.6 million cash. The market value of
Valley Chips' assets is $9 million, and Valley Chips h liabilities with a market value of $6.0 million.
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