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American Outfitters purchases a company, Canadian Outfitters, for a price of $ 2 M . American Outfitters assets have a market value of $ 3
American Outfitters purchases a company, Canadian Outfitters, for a price of $M American Outfitters assets have a market value of $M Canadian Outfitters assets have a market value of $M Canadian Outfitters liabilities have a market value of $ Canadian Outfitters liabilities have a book value of $ American Outfitters liabilities have a market value of $ What is the amount of Goodwill that results from the purchase of American Outfitters of Canadian Outfitters? $ $ $ as goodwill cannot arise from this type of purchase $ as goodwill only arises when a company purchases a company in the same line of business as its own and this is unknown in this case $
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