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REFERENCE: Ref.03_14
Jaynes Inc.obtained all of Aaron Co.'s common stock on January 1,2009,by issuing 11,000 shares of $1 par value common stock.Jaynes' shares had a $17 per share fair value.On that date,Aaron reported a net book value of $120,000.However,its equipment (with a five-year remaining life)was undervalued by $6,000 in the company's accounting records.Any excess of consideration transferred over fair value of assets and liabilities is assigned to an unrecorded patent to be amortized over ten years.
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-If this combination is viewed as an acquisition,what was consolidated net income for the year ended December 31,2010?
Experience
The knowledge or skill that one gains over time through involvement in or exposure to activities.
Application Letter
A formal letter submitted to apply for a particular job or position, outlining the applicant's qualifications and interest in the opportunity.
Professional
Pertaining to or connected with a profession, exhibiting a courteous, conscientious, and generally businesslike manner in the workplace.
Applicants
Individuals who apply for a position, program, or opportunity.
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