Joxnny2240 Joxnny2240
  • 19-10-2022
  • Business
contestada

mcguire company acquired 90 percent of hogan company on january 1, 2019, for $234,000 cash. this amount is reflective of hogan’s total acquisition-date fair value. hogan's stockholders' equity consisted of common stock of $160,000 and retained earnings of $80,000. an analysis of hogan's net assets revealed the following:

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