Q7-61. Suppose Smooth Delivery pays $68 million to buy Guaranteed Overnight. Guaranteeds assets are valued at $74

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Q7-61. Suppose Smooth Delivery pays $68 million to buy Guaranteed Overnight. Guaranteed’s assets are valued at $74 million, and its liabilities total $16 million. How much goodwill did Timely Delivery purchase in its acquisition of Guaranteed Overnight?

a. $22 million

c. $10 million

b. $16 million

d. $6 million

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