Alexandra company purchases vann company for 520 cash on jan 1 2021. the book value...
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Alexandra company purchases vann company for 520 cash on jan 1 2021. the book value of vann company net assets reported on its dec 31 2020 balance sheet was 470. An analysis indicated that the fair value of Vanns intangible assets exceeded the book value by 50. and the fair value of identifiable intangible assets exceed book value by 42. What is the fair value of Vanns Net assets? and journal entry to record purchase of Vann company?
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