On January 2,2020, Blue Spruce Company acquired 90% of the outstanding common stock of Bloom...
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Accounting
On January Blue Spruce Company acquired of the outstanding common stock of Bloom Company for $ cash Just before the acquisition, the balance sheets of the two companies were as follows: tableBlue Spruce,BloomCash$$ 
On January Blue Spruce Company acquired of the outstanding common stock of Bloom Company for $ cash Just before the acquisition, the balance sheets of the two companies were as follows:
tableBlue Spruce,BloomCash$$
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