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The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers. Copyright ©2026 Infospace Holdings LLC, A System1 Company.

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What's the journal entry in Corp A2. CorpA buys CorpB for 1,5 mil with a loan of 1.2 mil and vendor note of 300kCorp B has a shareholder loan of 150k and forfeits it to Corp A1. Corp A and Corp B amalgamate, what's the amalgamation journal entry?