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Business, 22.12.2020 23:10 liyahsmith9305

Chapel Hill Company had common stock of $350,000 and retained earnings of $490,000. Blue Town Inc. had common stock of $700,000 and retained earnings of $980,000. On January 1, 2011, Blue Town issued 34,000 shares of common stock with a $12 par value and a $35 fair value for all of Chapel Hill Company's outstanding common stock. This combination is accounted for as an acquisition. Immediately after the combination, what was the consolidated net assets

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Chapel Hill Company had common stock of $350,000 and retained earnings of $490,000. Blue Town Inc. h...

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