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Cullumber Corporation acquired all outstanding shares of Oriole Ltd. for $2.12 million. Selected information relating to Oriole was as follows: Fair value of identifiable
Cullumber Corporation acquired all outstanding shares of Oriole Ltd. for $2.12 million. Selected information relating to Oriole was as follows: Fair value of identifiable net assets: $2.02 million Book value of identifiable net assets: $1.54 million Cash balance: $0.40 million Cullumber will recognize goodwill of $0.10 million. $2.12 million. $1.11 million. $1.14 million.
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
