On july 1, 2017, brigham corporation purchased young company by paying $250,000 cash and issuing a $100,000 note payable to steve young. at july 1, 2017, the balance sheet of young company was as follows. cash $50,000 accounts payable $200,000 accounts receivable 90,000 stockholders’ equity 235,000 inventory 100,000 $435,000 land 40,000 buildings (net) 75,000 equipment (net) 70,000 trademarks 10,000 $435,000
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On july 1, 2017, brigham corporation purchased young company by paying $250,000 cash and issuing a $...
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