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Assume that you are charged with assigning fair values related to a 1,375,000 acquisition. The book value of the net identifiable assets is 525,000. The
Assume that you are charged with assigning fair values related to a 1,375,000 acquisition. The book value of the net identifiable assets is 525,000. The fair value of the net recorded assets is 632,500. There is an unrecorded patent of 395,000. How much goodwill will be recorded during the consolidation process? The answer is 297500, can you tell me how to get that answer?
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