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Unformatted text preview: Blue's land was appraised at $204,000. Black also paid $14,000 to several attorneys and accountants who assisted in creating this combination. Required: Assuming that these two companies retained their separate legal identities, prepare a consolidation worksheet as of December 31, 2009 assuming the transaction is treated as an acquisition combination. Acquisition Consolidation Worksheet...
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- Spring '10
- Accounting, consolidation worksheet, separate legal identities, preliminary financial statements, Black Co., Acquisition Consolidation Worksheet