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Dotel Companys 12/31/19 balance sheet reports assets of $9,000,000 and liabilities of $3,750,000. All of Dotels assets book values approximate their fair value, except for
Dotel Companys 12/31/19 balance sheet reports assets of $9,000,000 and liabilities of $3,750,000. All of Dotels assets book values approximate their fair value, except for land, which has a fair value that is $900,000 greater than its book value. On 12/31/19, Egbert Corporation paid $9,150,000 to acquire Dotel. What amount of goodwill should Egbert record as a result of this purchase?
$3,000,000 | ||
$3,300,000 | ||
$150,000 | ||
$3,900,000 |
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