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1. Compute the cost of the goodwill purchased by TMC. 2. Explain how TMC will account for goodwill in future years. TMC, Inc., dominates the

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1. Compute the cost of the goodwill purchased by TMC. 2. Explain how TMC will account for goodwill in future years. TMC, Inc., dominates the snack-food industry with its Salty Chip brand. Assume that TMC purchased Taco Chips Company for $5.3 million cash. The market value of Taco Chips' assets is $8 million, and Taco Chips has liabilities with a market value of $6.2 million

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