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Accounting Question: Consolidation Accounting: Company A acquires 8 0 % of Company B for $ 5 0 0 , 0 0 0 . The fair

Accounting Question: Consolidation Accounting: Company A acquires

80 %

of Company B for $

500, 000 .

The fair value of Company B

\'

s net assets at the acquisition date is $

550, 000 .

Calculate the goodwill generated by the acquisition.

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