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ACB Inc. reports the following amounts: Book Value Fair Value Assets $400,000 $500,000 Liabilities $45,000 $45,000 Net income $25,000 How much goodwill would be recorded
ACB Inc. reports the following amounts:
Book Value | Fair Value | |
Assets | $400,000 | $500,000 |
Liabilities | $45,000 | $45,000 |
Net income | $25,000 |
How much goodwill would be recorded if McGhee Holdings purchases Vikings for $635,000?
A) | $255,000 |
B) | $280,000 |
C) | $180,000 |
D) | $100,000 |
E) | $155,000 |
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