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Babel Corporation acquired all outstanding shares of Connor Ltd. for $2.1 million. Selected information relating to Connor was as follows: Fair value of identifiable net

Babel Corporation acquired all outstanding shares of Connor Ltd. for $2.1 million. Selected information relating to Connor was as follows:

Fair value of identifiable net assets:$2.0 millionBook value of identifiable net assets:$1.6 millionCash balance:$0.1 million

Mindy will recognize goodwill of

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