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Problem-
On Apnl 25, 2010, Bullseye Company purchased all of the outstanding common stock of Vista Company. paying 514,000,000 The book values and fair values of Vista's assets and liabhties acquired are shoat, below in dollar amounts
Accounts
Book Value
Falr Value
Accounts Receivables
51.900.000
51.725.000
Inventones
$2.800.000
£4.000.000
Accounts Payable
$2.000.000
52.000000
Property, Plant and Egiement
14000.000
512.625.000
Bonds Payable
54.600.000
54.225.000
1 Using Excel. prepare the journal entry to record the acquisition by Bullseye Company
2 Submit your solution in same Excel file as for Problem 1.
Are the approaches you described in answer to question (2) mutually exclusive, or can they be used to complement each other? Explain?
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