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During 2020, Horn Company acquired Parsons Company for $1,050 cash. Immediately prior to the acquisition, Parsons had total assets of $900, total liabilities of $280,
During 2020, Horn Company acquired Parsons Company for $1,050 cash. Immediately prior to the acquisition, Parsons had total assets of $900, total liabilities of $280, and total equity of $620. The amount of goodwill that Horn records upon acquiring Parsons is $
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