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ABC Ltd acquired DEF Ltd on 1 July 2016 for the sum of $300,000. On the same date DEF Ltd has the following assets and

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ABC Ltd acquired DEF Ltd on 1 July 2016 for the sum of $300,000. On the same date DEF Ltd has the following assets and Labilities: What is the value of goodwill to be recognized, if any? Select one a. 100,000 b. Nil as goodwill is not allowed to be recognised C. 140,000 d. 160,000

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