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Business, 14.08.2020 01:01 juansantos3328

Lake Incorporated purchased all of the outstanding stock of Huron Company, paying $1,000,000 cash. Lake assumed all of the liabilities. Book values and fair values of acquired assets and liabilities were: Book Value Fair Value Current assets (net) $ 190,000 $ 125,000 Property, plant, equip. (net) 650,000 765,000 Liabilities 255,000 255,000 Lake would record goodwill of

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Lake Incorporated purchased all of the outstanding stock of Huron Company, paying $1,000,000 cash. L...
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