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December 31. The excess fair value of the investment over the underlying book value of the acquired net assets is allocated to inventory (60%) and to goodwill (40 %). On a consolidated balance sheet as of January 2, what would be the amount for each of the follwing?

Current Assets:
Noncurrent Assets:
Current Liab:
Noncurrent Liab:
Stockholder's Equity:

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9416651

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