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At the start of the current year, SBC Corporation purchased 30% of Sky Tech Incorporated for $38 million. At the time of purchase, the carrying

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At the start of the current year, SBC Corporation purchased 30% of Sky Tech Incorporated for $38 million. At the time of purchase, the carrying value of 5ky Tech's net assets was $72 million. The fair value of Sky Tech's depreciable assets was $18 million in excess of their book value. For this year, Sky Tech reported a net income of $72 million and declared and paid $18 million in dividends. The amount of purchased goodwill is: Nultipie choise: $11 milion $20 milion 556 miltion Nonie of the other onswer choices are conect

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