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Hyena Corporation pays $700,000 for Quinton Company. Quinton has two assets. The first is a building with a book value of $200,000 and a fair

Hyena Corporation pays $700,000 for Quinton Company. Quinton has two assets. The first is a building with a book value of $200,000 and a fair value of $300,000. The second is a patent with a book value of $10,000 and a fair value of $250,000. What amount is reported as goodwill as part of this sale?

Select one:

a. $250,000

b. $390,000

c. $700,000

d. $150,000

e. $490,000

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