Business, 16.10.2019 22:20 mpete1234567890

On july 1, 20x9, link corporation paid $340,000 for all of tinsel company's outstanding common stock. on that date, the costs and fair values of tinsel's recorded assets and liabilities were as follows: cost fair value cash and receivables $50,000 $50,000 inventory 120,000 125,000 buildings and equipment (net) 200,000 240,000 liabilities (100,000) (100,000) net assets $270,000 $315,000 based on the preceding information, the differential reflected in a consolidation worksheet to prepare a consolidated balance sheet immediately after the business combination is:

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On july 1, 20x9, link corporation paid $340,000 for all of tinsel company's outstanding common stock...

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