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Determine Goodwill: Happy Holidays, Inc. has decided to purchase the net assets of Elif Incorporated on December 31,2024, for $300,000 in cash at the close

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Determine Goodwill: Happy Holidays, Inc. has decided to purchase the net assets of Elif Incorporated on December 31,2024, for $300,000 in cash at the close of the deal. The balance sheet of Elt Incorporated just prior to acquisition is: WHAT IS THE AMOUNT OF PURCHASED GOODWILL? $35,000 $100,000 $120,000 $145000

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