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Blue Corporation acquired controlling ownership of skyler corporation
Balancs sheet
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b. What balance in accounts receivable did Skyler report at December 31, 20X3?
c. What amounts of wages payable did Blue and Skyler report at December 31, 20X3?
d. What was the fair value of Skyler as a whole at the date of acquisition?
e. What percentage of Skyler’s shares were purchased by Blue?(Round your answer to whole percentage.)
f. What amounts of capital stock and retained earnings must be reported in the consolidated balance sheet?
