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On June 1, Cline Co. paid $996,000 cash for all of the issued and outstanding common stock of Renn Corp. The carrying amounts
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Particulars

Amount Amount
Consolidation Transfered (Fair Value) $996,000
Cash $211,000
Accounts Receivable $169,000
Software $346,000
Research and Development Asset $269,000
Liabilities $(165,000)
Fair Valur of Net Identifiable Asset acquired $830,000
Good Will $166,000
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