On January 1,2023, AMI Corporation purchased the non-cash net assets of Ayayai Ltd. for $8,375,100....
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Accounting
On January AMI Corporation purchased the noncash net assets of Ayayai Ltd for $ Following is the statement of financial position of Ayayai Ltd from the company's yearend the previous day:
Ayayai LTD
Statement of Financial Position
As at December
Cash
$
Accounts receivable
Inventory
Property, plant, and equipment net
Land
Accounts payable
Common shares
Retained earnings
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