
*E13-14 Data for the Lennon and Ono corporations are presented in E13-13. Assume that instead
of paying $220,000 in cash for Ono Inc., Lennon Corporation pays $225,000 in cash.Thus,
at the acquisition date, the assets of Lennon Corporation are: Current assets $55,000, Investment
in Ono Inc. common stock $225,000, and Plant and equipment (net) $300,000.
Instructions
Prepare a worksheet for a consolidated balance sheet

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