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On march 31, 2021, wolfson corporation acquired all of the outstanding common stock of barney corporation for $17,500,000 in cash. the book values and fair values of barney’s assets and liabilities were as follows: book value fair value current assets $ 6,500,000 $ 8,000,000 property, plant, and equipment 11,500,000 14,500,000 other assets 1,050,000 1,550,000 current liabilities 4,500,000 4,500,000 long-term liabilities 6,500,000 6,000,000
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On march 31, 2021, wolfson corporation acquired all of the outstanding common stock of barney corpor...
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