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Wonderland, Inc. purchased Cheshire Co. for $ 960 comma 000 $960,000. The market value of...

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Accounting

Wonderland, Inc. purchased Cheshire Co. for $ 960 comma 000 $960,000. The market value of Cheshire's assets and liabilities at the time of purchase were $ 950 comma 000 $950,000 and $ 280 comma 000 $280,000 respectively. The journal entry to record this will include:

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