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Business, 05.05.2020 22:32 kutie543

Octane Company and Bio Company have announced terms of an exchange agreement under which Octane will issue 10,000 shares of its $5 par value common stock to acquire all of Bio's assets. Octane shares are trading at $28, and Bio's $10 par value shares are trading at $15. Historical cost and fair value balance sheet data on January 1, 2008, are as follows: 1. Based on the information provided, what amount will be reported immediately following the business combination for Buildings and Equipment (net) in the combined company's balance sheet?

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