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Dodd Co acquired 75% of the common stock of Wallace Corp. for $1,800,000. The fair value of Wallace's net assets was $2100,000, and the book

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Dodd Co acquired 75% of the common stock of Wallace Corp. for $1,800,000. The fair value of Wallace's net assets was $2100,000, and the book value was $1,900,000. The noncontrolling interest shares of Wallace Corp. are not actively traded. Assuming there is no control premium, what is the total amount of goodwill recognized at the date of acquisition? Multiple Choice $700,000 $0. O $200,000 $100,000 $300,000

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