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Dotel Companys statement of financial position dated December 31, 2020, reports $9 million in total assets and $3.75 million in total liabilities. Book values for
Dotel Companys statement of financial position dated December 31, 2020, reports $9 million in total assets and $3.75 million in total liabilities. Book values for all of the firms assets approximate their fair values except for land, which has a carrying amount that is $600,000 lower than its fair value. On December 31, Egbert Corporation pays $9.15 million to acquire Dotel. As a result of this purchase, Egbert should record a goodwill amount of Select answer from the options below:
$0.
$150,000.
$3,900,000.
$3,300,000.
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