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D Question 5 2 pts Tigress Corp. acquired all of the assets and assumed all of the liabilities of Porcupine Corp. for $4,000,000. The book
D Question 5 2 pts Tigress Corp. acquired all of the assets and assumed all of the liabilities of Porcupine Corp. for $4,000,000. The book values and fair values of Porcupine's assets and liabilities on the date of purchase are as follows: Book Value Fair Value Current assets Operational assets Liabilities $ 860,000 2,240,000 600,000 $ 820,000 3,000,000 600,000 Tigress should recognize goodwill in the amount of: $780,000 $1.500.000 $1.760.000
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