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Caroline Corp purchased the assets of Hayden Inc. for $7 million cash. The fair value of Hayden Inc's assets was 3.4 million and the purchased
Caroline Corp purchased the assets of Hayden Inc. for $7 million cash. The fair value of Hayden Inc's assets was 3.4 million and the purchased company had total liabilities of $350,000. How much goodwill should Caroline Corp report on its Statement of Financial Position?
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
