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On July 1, 2014, Brigham Corporation purchased Young Company by paying $251,590 cash and issuing...

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Accounting

On July 1, 2014, Brigham Corporation purchased Young Company by paying $251,590 cash and issuing a $150,200 note payable to Steve Young. At July 1, 2014, the balance sheet of Young Company was as follows.

Cash

$51,460

 Accounts payable

$203,610
Accounts receivable

91,260

 Stockholders

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