Discuss the percent of sea breeze corporation, Accounting Basics

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Discuss the percent of sea breeze corporation

Nascent inc acquires 60 percent of sea breeze corporation for $414,000 cash on january 1, 2010. the remaining 40 percent of the sea breeze shares traded near a total value of $276,000 both before and after the acquition date. on january 1, 2010 sea breeze had the following assets and liabities:

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Accounting Basics: Discuss the percent of sea breeze corporation

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