On October 1,20X3, Pole Corporation paid $450,000 for all of Stick Company's outstanding common stock....
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On October X Pole Corporation paid $ for all of Stick Company's outstanding common stock. On that date, the book values and fair values of Stick's recorded assets and liabilities were as follows: Book Value Fair Value Cash and Receivables $ $ Inventory Buildings and Equipment net Liabilities Net Assets $ $
On October X Pole Corporation paid $ for all of Stick Company's outstanding common stock. On that date, the book values and fair values of Stick's recorded assets and liabilities were as follows:
Book Value Fair Value
Cash and Receivables $ $
Inventory
Buildings and Equipment net
Liabilities
Net Assets $ $
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