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1. quizlet.com › 325115717 › advanced-accounting-412-ch-4/5/8-flash-cardsAdvanced Accounting 412 Ch. 4, 5 & 8 Flashcards | Quizlet

   quizlet.com › 325115717 › advanced-accounting-412-ch-4/5/8-flash-cards

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   Study with Quizlet and memorize flashcards containing terms like Pell Company acquires 80% of Demers Company for $500,000 on January 1, 2019. Demers reported common stock of $300,000 and retained earnings of $210,000 on that date. Equipment was undervalued by $30,000 and buildings were undervalued by $40,000, each having a 10-year remaining life. Any excess consideration transferred over fair ...