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Purchased america''s sweethearts corporation

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Grand Champion, Inc., purchased America's Sweethearts Corporation on January 1, Year 1. At the time, America's Sweethearts had $750,000 of identifiable assets and $525,000 of liabilities. Grand Champion, Inc., paid $900,000 for America's Sweethearts Corporation. Record the purchase by Grand Champion, Inc.

Reference no: EM13865978

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