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Consolidated balances for Innovus and ChipTech

 

On January 1, 2020, Innovus, Inc., acquired 100 percent of the common stock of ChipTech Company for $670,000 in cash and other fair-value consideration. ChipTech’s fair value was allocated among its net assets as follows:
Using Excel, compute consolidated balances for Innovus and ChipTech by completing the provided worksheet.

 

 

 

 

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