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Goodwill Calculation : Calculate the amount of goodwill to be recognized on the balance sheet when a company acquires another business. The purchase price is

  1. Goodwill Calculation: Calculate the amount of goodwill to be recognized on the balance sheet when a company acquires another business. The purchase price is $500,000, the fair value of identifiable net assets acquired is $350,000. What is the amount of goodwill?

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