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Business, 01.10.2019 04:10 paytonpaige22

Park, inc. acquired 100% of gravel co.'s net assets. on the acquisition date, gravel's accounting records reflected $50,000 of costs associated with in-process research and development activities. the fair value of the in-process research and development activities was $400,000. park's consolidated intangible assets will increase by what amount, if any, as a result of the acquisition of the in-process research and development activities?

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Park, inc. acquired 100% of gravel co.'s net assets. on the acquisition date, gravel's accounting re...
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