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How bmi had the following balances on january

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Question 1: On January 1, 2018, John Doe Enterprises (JDE) bought a 75% interest in Bubba Manufacturing, Inc. (BMI). JDE paid for the transaction with $1,026,006 cash and 376,202 shares of JDE common stock (par value $1.00 per share). At the time of the acquisition, BMI's book value was $11,607,543. On January 1, JDE stock had a market value of $25.85 per share and there was no control premium in this transaction. Any unidentifiable consideration transferred over book value is assigned to goodwill. BMI had the following balances on January 1, 2018.

Reference no: EM132565671

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