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8 of estion Popcorn Company acquired 70% of the common stock of Cranberry Corp. for $2,800,000. The book value of Cranberry's net assets was $2,500,000,
8 of estion Popcorn Company acquired 70% of the common stock of Cranberry Corp. for $2,800,000. The book value of Cranberry's net assets was $2,500,000, and the fair value was $3,300,000. The other 30% of Cranberry's common shares are not actively traded. What amount of goodwill should be recognized at the acquisition date? O a. $500,000 O b. $300,000 O c. $1,500,000 d. $700,000 Clear my choice
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