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Company A purchases Company B. This is a 100% equity purchase which means that Company A acquires all of the Company B assets and assumes

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Company A purchases Company B. This is a 100% equity purchase which means that Company A acquires all of the Company B assets and assumes the liabilities of Company B. Calculate the value of goodwill recognized in the acquisition. Round to the nearest whole dollar and do not include the dollar sign ($). Assume the current market value of tangible physical assets is $864,000 (determined by Company A as at the acquisition date) the current market value of the only identifiable intangible asset (a customer list) is $200,000 (determined by Company A as at the acquisition date) Operating (non-Financial) liabilities have an appraised value of $120,000 before and after the acquisition. Financial Liabilities were appraised by company B to be valued at $600,000 immediately Before the acquisition. Financial Liabilities were appraised by Company A to be valued at $370,000 immediately After the acquisition. There are no other assets or liabilities to consider than those presented above Company A paid $900,000 cash for Company B

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