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Example 5 Leon Corp. purchased Spinks Co. 4 years ago and at that time recorded goodwill of $640,000. The Sinks Division's net assets, including goodwill,

Example 5 Leon Corp. purchased Spinks Co. 4 years ago and at that time recorded goodwill of $640,000. The Sinks Division's net assets, including goodwill, have a carrying amount of $1,530,000. The fai...

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