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Business, 24.10.2019 05:00 IsPink

Protrade corporation acquired 80 percent of the outstanding voting stock of seacraft company on january 1, 2017, for $428,000 in cash and other consideration. at the acquisition date, protrade assessed seacraft's identifiable assets and liabilities at a collective net fair value of $585,000 and the fair value of the 20 percent noncontrolling interest was $107,000. no excess fair value over book value amortization accompanied the acquisition.

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Protrade corporation acquired 80 percent of the outstanding voting stock of seacraft company on janu...
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