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Candy purchased all of the outstanding shares of Sugar Company paying $950,000 cash. Candy assumed all of the liabilities of Sugar Book values and fair

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Candy purchased all of the outstanding shares of Sugar Company paying $950,000 cash. Candy assumed all of the liabilities of Sugar Book values and fair values of acquired assets and liabilities were Book Value Fair Value Current assets (net) $130,000 $125,000 Property, plant, equip (net) 600,000 750,000 Liabilities 150.000 175.000 How much is good will be recorded at Candy

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