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Parent and Sub Inc had the following balance sheets on July 31,2006: Yours Inc's Book Values were equal to their Fair Values on the date of acquisition,with the exception of Yours' Plant and Equipment,which was worth $100,000.
-Assume Mine and Yours engage in a Business Combination which qualifies as a Pooling of Interests.On August 1,2006,Mine Inc issues 10,000 shares with a fair market value of $20 each to acquire the assets and liabilities of Yours Inc.What entry would be made in Mine's books on that date?
Internet
A global network of computers and servers enabling information exchange and communication.
Invitation To Treat
An expression indicating willingness to negotiate, which does not necessarily constitute an offer but invites others to make an offer.
Self-Service
A business model or system where customers perform tasks typically done by staff members, such as checkout or order placement, on their own.
Merchandising Situation
Refers to scenarios or conditions affecting the buying, selling, and promotion of goods within a market.
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