The Meat Company purchased assets for a lump sum price of $1,000,000. The assets purchased had an appraised value of:
Prepare the appropriate journal entry if The Meat Company paid cash for this transaction.

Question

The Meat Company purchased assets for a lump sum price of $1,000,000. The assets purchased had an appraised value of:
  Prepare the appropriate journal entry if The Meat Company paid cash for this transaction.

Quizplus · Accepted Answer

The Answer of The Meat Company purchased assets for a lump sum price of $1,000,000. The assets purchased had an appraised value of:
  Prepare the appropriate journal entry if The Meat Company paid cash for this transaction.

The Meat Company Purchased Assets for a Lump Sum Price