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Blossom Companys 12/31/21 balance sheet reports assets of $ 11350000 and liabilities of $ 4870000. All of Blossoms assets book values approximate their fair value,
Blossom Companys 12/31/21 balance sheet reports assets of $ 11350000 and liabilities of $ 4870000. All of Blossoms assets book values approximate their fair value, except for land, which has a fair value that is $ 670000 greater than its book value. On 12/31/21, Egbert Corporation paid $ 11540000 to acquire Blossom. What amount of goodwill should Egbert record as a result of this purchase? $ 190000 $ 0 $ 5060000 $ 4390000
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