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REFERENCE: Ref.03_14 Jaynes Inc.obtained All of Aaron Co.'s Common Stock on January

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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.
SHAPE \* MERGEFORMAT
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. SHAPE \* MERGEFORMAT    -If this combination is viewed as an acquisition,what was consolidated equipment as of December 31,2010?
-If this combination is viewed as an acquisition,what was consolidated equipment as of December 31,2010?

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Definitions:

Grasping

The action of taking hold of something firmly with the hands or utilizing tools to obtain or gather something.

Cutting

The act of making an incision or dividing materials into parts using a sharp tool.

Dilating/probing

The act of expanding or opening wider a body part, often combined with an examination to explore or investigate.

Jewelry

Decorative items worn for personal adornment, such as rings, earrings, bracelets, and necklaces, often made of precious metals and stones.

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