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ABC purchase 100% of XYZ and each firm continues to exist independently and the acquisition...

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Accounting

ABC purchase 100% of XYZ and each firm continues to exist independently and the acquisition resulted in 25,000 of excess amortization. in year 1 XYZ reported a net loss of 350,000 and paid dividends of 45,000. Determine the year 2 *C entry assuming ABC employs partial equity and then compute *C year 2 assuming ABC employs initial method.

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