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7. Ace Corporation has a debt to total assets ratio of 65%. This tells the user of Aces financial statements that? 8. What is goodwill?

7. Ace Corporation has a debt to total assets ratio of 65%. This tells the user of Aces financial statements that?

8. What is goodwill? How is the recorded value of goodwill determined? How is goodwill written off under the provisions of SFAS No. 142 now FASB ASC 350?

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