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Business, 21.10.2020 16:01 MINDYDELANO
During 2021, Blossom Company purchased the net assets of Ayayai Corporation for $2178000. On the date of the transaction, Ayayai had $594000 of liabilities. The fair value of Ayayai's assets when acquired were as follows: Current assets $1069200 Noncurrent assets 2494800 $3564000 How should the $792000 difference between the fair value of the net assets acquired ($2970000) and the cost ($2178000) be accounted for by Blossom
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During 2021, Blossom Company purchased the net assets of Ayayai Corporation for $2178000. On the dat...
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