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3. Company A purchases company B for $4,000,000. The fair value of company Bs total assets is $25,000,000, and company A recorded $1,500,000 in Goodwill

3. Company A purchases company B for $4,000,000. The fair value of company Bs total assets is $25,000,000, and company A recorded $1,500,000 in Goodwill related to the transaction. What was the fair value of Company Bs liabilities at the time of purchase?

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