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Acquired Goodwill: Valuation Given: O Purchase price (cash): $400,000 Carrying value of assets: Carrying value of liabilities: Fair value of net assets: $ 255,000 55,000

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Acquired Goodwill: Valuation Given: O Purchase price (cash): $400,000 Carrying value of assets: Carrying value of liabilities: Fair value of net assets: $ 255,000 55,000 350,000 Required: Determine goodiwill at the acquisition date. Assume fair value of liabilities carrying value of liabilities 38

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