Martco, a manufacturer and seller of eyeglasses and contact lenses, purchased all the stock of Fetco, a
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Martco, a manufacturer and seller of eyeglasses and contact lenses, purchased all the stock of Fetco, a manufacturer of hearing aids. Management of Martco quickly had second thoughts about keeping Fetco in business and liquidated the company. Martco was unsuccessful selling the hearing aids to customers, although a few small lots were sold to several retail outlets before the balance was sold to one distributor at $100,000 profit.
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