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Exercise 8-20 Goodwill LO P4 On January 1, 2017, Robinson Company purchased Franklin Company at a price of $3,770,000. The fair market value of the

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Exercise 8-20 Goodwill LO P4 On January 1, 2017, Robinson Company purchased Franklin Company at a price of $3,770,000. The fair market value of the net assets purchased equals $2,750,000. 1. What is the amount of goodwill that Robinson records at the purchase date? Goodwill

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