Connor purchased a business from foster for 3000000 cash, Financial Accounting

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Connor purchased a business from foster for 3000000 cash

Connor purchased a business from Foster for $3,000,000 cash and got the following assets in the deal (FMV as determined by a third party):

Building $1,500,000

Land $250,000

Inventory $100,000

At what amount will she record each asset and any additional assets she received?

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Financial Accounting: Connor purchased a business from foster for 3000000 cash

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