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Business, 12.11.2020 18:50 Thejollyhellhound20

Flounder Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $434,700. The estimated fair values of the assets are land $82,800, building $303,600, and equipment $110,400. At what amounts should each of the three assets be recorded?

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Flounder Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of...

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