On september 1 2014 winans corporation acquired aumont, Financial Accounting

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On september 1 2014 winans corporation acquired aumont

On September 1, 2014, Winans Corporation acquired Aumont Enterprises for a cash payment of $703,380. At the time of purchase, Aumont’s balance sheet showed assets of $601,200, liabilities of $193,360, and owners’ equity of $407,840. The fair value of Aumont’s assets is estimated to be $804,620.

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Financial Accounting: On september 1 2014 winans corporation acquired aumont

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