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XYZ Corporation expanded its operations by purchasing ABC Corporation on December 31,2018 . The Instructions Assume that the price is high enough for goodwill. Prepare

XYZ Corporation expanded its operations by purchasing ABC Corporation on December 31,2018 . The Instructions Assume that the price is high enough for goodwill. Prepare the journal entries on the books of the XYZ Corporation. Assume a tax rate of 30%. Use the supporting schedule that follows to orgaanize your B. Record the journal entries for the purchase of ABC Corporation in an Excel Spreadsheet

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