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Posted: June 15th, 2022
Yorkville University BUSI1013 1013 Prepare journal entries for 2016 for the following independent situations
Prepare journal entries for 2016 for the following independent situations. Assume every group has a December 31st yr finish.Keepers Inc. purchases a patent for $225,000 on January 1st. Keepers estimates this patent to have a 5 yr helpful life.Blue Bat Company purchases one in every of their essential rivals on March 31. Blue Bat paid $160,000 for this buy which included property of $120,000 and liabilities of $10,000. The goodwill is believed to have an indefinite profit.
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