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At the start of the current year, SBC Corporation purchased 25 of Sky Tech incorporated for ( $ 54 ) millian. At the time of

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At the start of the current year, SBC Corporation purchased \25 of Sky Tech incorporated for \\( \\$ 54 \\) millian. At the time of purchase, the carrying value of Sky Tech's net assets was \\( \\$ 94 \\) million. The fair value of \\( \\$ k y \\) Tech's depreciable assets was \\( \\$ 30 \\) malion in excess of their book value, For this year. Sky Tech reported a net income of \\( \\$ 94 \\) million and declared and poid \\( \\$ 30 \\) million in dividends. The amount of purchased goodwill is: Multiple Choice \\( \\$ 23 \\) million \\( \\$ 24 \\) milion. 584 milion. None of the other answer choices are correct. Lance-Hefner Specialty Shoppes decided to use the dollar-value LIFO retall method to value its inventory. Accounting records provide the following information: Related retail price indexes are as follows: Required: Determine ending inventory and cost of goods sold using the information provided

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