Question: Use the following information for the next five items ABC acquired 100% of XYZ Company. The following book and fair values pertaining to XYZ Company

XYZ Company are available: Book Value $300,000 600,000 500,000 100,000 200,000 150,000

Use the following information for the next five items ABC acquired 100% of XYZ Company. The following book and fair values pertaining to XYZ Company are available: Book Value $300,000 600,000 500,000 100,000 200,000 150,000 400,000 $750,000 Fair Value $600,000 900,000 600,000 Current assets Land and building Machineny Goodwill Bonds Payable Common Stock ($1 par) Additional Paid-in Capital Retained Earnings 235,000

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