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The Following Data Pertains to Questions

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The following data pertains to Questions
Keen and Lax Inc had the following balance sheets on October 31,2007: The following data pertains to Questions Keen and Lax Inc had the following balance sheets on October 31,2007: -Assume that the following draft balance sheet was prepared by a co-worker subsequent to Keen's 80% purchase of Lax Inc for $240,000.Assuming this balance sheet is devoid of technical errors,what can be concluded about the balance sheet below?
-Assume that the following draft balance sheet was prepared by a co-worker subsequent to Keen's 80% purchase of Lax Inc for $240,000.Assuming this balance sheet is devoid of technical errors,what can be concluded about the balance sheet below? The following data pertains to Questions Keen and Lax Inc had the following balance sheets on October 31,2007: -Assume that the following draft balance sheet was prepared by a co-worker subsequent to Keen's 80% purchase of Lax Inc for $240,000.Assuming this balance sheet is devoid of technical errors,what can be concluded about the balance sheet below?

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