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4. Pit Corp. pays $800,000 cash and issues 100,000 shares of Pit Corp. $10 par common stock with a market value of $20 per

 

4. Pit Corp. pays $800,000 cash and issues 100,000 shares of Pit Corp. $10 par common stock with a market value of $20 per share for the net assets of Sad Co. Fair value of net assets acquired equal $2,400. The goodwill is * (2 Points) 400 420 240 560

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