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Utah Inc Acquired All of the Outstanding Common Stock of Trimmer

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Utah Inc. acquired all of the outstanding common stock of Trimmer Corp. on January 1, 2019. At that date, Trimmer owned only three assets and had no liabilities:
Utah Inc. acquired all of the outstanding common stock of Trimmer Corp. on January 1, 2019. At that date, Trimmer owned only three assets and had no liabilities:    If Utah paid $300,000 in cash for Trimmer, what allocation and amortization should have been assigned to the subsidiary's Building account and its Equipment account in a December 31, 2021 consolidation? If Utah paid $300,000 in cash for Trimmer, what allocation and amortization should have been assigned to the subsidiary's Building account and its Equipment account in a December 31, 2021 consolidation?


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Quick Response Systems

Technologies or methodologies focusing on reducing lead times and enhancing efficiency in operations, often in a supply chain or manufacturing context.

Efficient Consumer Response Systems

A strategy used in the retail industry to improve the supply chain's responsiveness to consumer needs through better data sharing and management.

Order Replenishment Systems

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A theory suggesting that psychological distress and emotional discomfort arise from discrepancies between one's actual self, ideal self, and ought self.

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