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10. Simmons Corporation paid $320,000 to acquire all of Bush Company's net assets. Bush reported assets with a book value of $350,000,000 and a
10. Simmons Corporation paid $320,000 to acquire all of Bush Company's net assets. Bush reported assets with a book value of $350,000,000 and a fair value of $390,000 and liabilities with a book value of $35,000 and fair value of $55,000 on the date of the combination. Simmons also paid $8,000 to a search firm for finder's fees related to the acquisition. What amount will be recorded as goodwill or bargain purchase by Simmons Corporation when recording its investment in Bush? OA $15,000 bargain purchase OB. $13,000 goodwill OC. $15,000 goodwill OD. $5,000 goodwill
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