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A Company purchases the net assets of B Company for $20,000. Information concerning B Company at time of purchase is: Carrying value of assets $

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A Company purchases the net assets of B Company for $20,000. Information concerning B Company at time of purchase is: Carrying value of assets $ 26,000 Fair value of assets 24,000 Carrying value & fair value of liabilities 13,000 Required: Calculate goodwill on the transaction

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