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Worth Corporation acquired all the common shares of Net Inc. on December 3 1 , 2 0 2 3 , when Net's retained earnings was
Worth Corporation acquired all the common shares of Net Inc. on December when Net's retained earnings was $ Two of Net'sassets had a fair value different from carrying value: a building, and a patent. At acquisition, the building's fair value was greater than the carryingvalue by $ and had an estimated useful life of years. The patent's fair value was greater than the carrying value by $ and had anestimated useful life of years. Worth accounts for its investment in Net using the cost method. The following are excerpts from the separate entitystatements as of December :NetWorth$Net income$ Dividends declared and paid on Nov Opening retained earingsJanuary Which amount represents consolidated net income for the year ending December XO$$$$
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