Question
ABC Corp. paid SR 400,000 for Sub. Inc. whose estimated fair market values of assets were SR 350,000sr, liabilities were SR 100,000, and the value
ABC Corp. paid SR 400,000 for Sub. Inc. whose estimated fair market values of assets were SR 350,000sr, liabilities were SR 100,000, and the value of goodwill on acquisition would be:
a. 200,000
b. 50,000
c. 150,000
d. 250,000
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Advanced Financial Accounting
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
6th edition
013703038X, 978-0137030385
