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Huron Company paying $950,000 cash. Lake assumed all of the liabilities of Huron. Book values and fair values of acquired assets and liabilities were: Book Value Fair Value Current assets (net) $ 130,000 $ 125,000 Property, plant, equip. (net) 600,000 750,000 Liabilities 150,000 175,000 Lake would record goodwill of
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Huron Company paying $950,000 cash. Lake assumed all of the liabilities of Huron. Book values and fa...
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