Question: To expand its product line Dorchester Manufacturing Ltd Dorchester purchased

To expand its product line, Dorchester Manufacturing Ltd. (Dorchester) purchased 100 percent of the outstanding shares of Hardisty
Inc. (Hardisty). Dorchester paid $3,500,000 cash for the shares. The following information was obtained as of the date Hardisty was acquired and was prepared before the purchase occurred:


Required:
Calculate the amounts that would appear on Dorchester's consolidated balance sheet on the date it acquiredHardisty.
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  • CreatedFebruary 26, 2015
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