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D Question 23 luck! 2.5 pts The Rock Corporation acquired all of the outstanding common stock of the Flynn Corporation in exchange for $300 million
D Question 23 luck! 2.5 pts The Rock Corporation acquired all of the outstanding common stock of the Flynn Corporation in exchange for $300 million cash. Smithson assumed all of Rider's long-term liabilities, which have a fair value of $150 million at the date of acquisition. The fair values of all identifiable assets of Rider are as follows: receivables of $75 million, supplies of $90 million, property, plant, and equipment of $135 million, and trademarks of $120 million. What is the cost of goodwill resulting from the acquisition? $60 million $45 million $30 million $75 million Previous Next
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