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Albert Company's net assets amounted to $350,000,000 without goodwill. The companys average net income for the past years has been $75,800,000. The industrys normal rate
Albert Company's net assets amounted to $350,000,000 without goodwill. The companys average net income for the past years has been $75,800,000. The industrys normal rate of return is 17.5%. Compute for goodwill through capitalization of excess earnings at 30%.
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