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Question

Accounting

On January
1
,
year
2
,
Neal Co
.
issues
1
0
0
,
0
0
0
shares of its $
1
0
par value common stock in exchange for all of Frey, Inc's outstandin stock. The fair value of Neal's common stock on that date was $
1
9
per share. The carrying amounts and fair values of Frey's assets and liabilities on January
1
,
Year
2
,
were as follows:

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