Fair value of aumonts assets is estimated

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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.

Reference no: EM13745861

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