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Business, 09.12.2019 21:31 ssargeant2559

On september 1, 2020, winans corporation acquired aumont enterprises for a cash payment of $700,000. at the time of purchase, aumont’s balance sheet showed assets of $620,000, liabilities of $200,000, and owners’ equity of $420,000. the fair value of aumont’s assets is estimated to be $800,000.

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On september 1, 2020, winans corporation acquired aumont enterprises for a cash payment of $700,000....
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