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Transit, Inc. – Accounting Question & Answers Essay Preview: Transit, Inc. – Accounting Question & Answers Report this essay The SCOUTERS acquired 70% of the net assets of the Bleachers for P1.1 million. The assets of The Bleachers have a book value of P1.2 million and a fair market value of P1.3 million; its liabilities.
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Book Value Of P1.2Fair Market Value Of P1.3Financial Statements Of A GroupSecondary P1.1