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finanicail Accounting On June 30, 2014, Diode Inc. .26 purchased for cash at $50 per share all 150,000 shares of outstanding common stock of Moore
finanicail Accounting
On June 30, 2014, Diode Inc. .26 purchased for cash at $50 per share all 150,000 shares of outstanding common stock of Moore Company. Moore's balance sheet at June 30, 2014, showed net assets with a book value of $6,000,000. The fair value of Moore's property, plant, and equipment on June 30, 2014, was $800,000 in excess of its book value. What amount, if any, will be recorded by Diode * ?as goodwill on the date of purchase (1) (1 ) $0 $800,000 $700,000 O $1,500,000Step by Step Solution
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