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Business, 16.11.2019 03:31 caleb19moody

Arizona corp. acquired the business data systems for $320,000 cash and assumed all liabilities at the date of purchase. data’s books showed equipment of $260,000, accounts payable of $40,000, and common stock of $220,000. an appraiser assessed the fair market value of the equipment at $250,000 at the date of acquisition. just prior to the acquisition, arizona corp. had $450,000 in cash and common stock. at what value will arizona required the equipment?

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