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On January 1,2XX1, Bargain Inc. acquired 100% of Wind Corporation for $7,800,000 cash. On that...

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Accounting

On January 1,2XX1, Bargain Inc. acquired 100% of Wind Corporation for $7,800,000 cash. On that date, Willey's total stockholders' equity was $5,800,000. The following assets had fair values different from book
values.
Required
Prepare the E and A consolidation entries on the date of the acquisition:
image

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