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Canto Ltd,a Spanish Corporation,acquired 100% Interest in Bevo,Inc

Question 37

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Canto Ltd,a Spanish corporation,acquired 100% interest in Bevo,Inc.,a U.S.corporation for $50,000,000. The net assets of Bevo had a book value of $35,000,000 and a fair value of $56,000,000. How should Canto record the business combination? Canto Ltd,a Spanish corporation,acquired 100% interest in Bevo,Inc.,a U.S.corporation for $50,000,000. The net assets of Bevo had a book value of $35,000,000 and a fair value of $56,000,000. How should Canto record the business combination? A) Entry A B) Entry B C) Entry C D) Entry D


A) Entry A
B) Entry B
C) Entry C
D) Entry D

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