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i need the answer quickly 03/ On March 31, 2005, Pyre Corporation acquired for $8,200,000 cash all the outstanding common stock of Stark Company when
i need the answer quickly
03/ On March 31, 2005, Pyre Corporation acquired for $8,200,000 cash all the outstanding common stock of Stark Company when Stark's balance sheet showed net assets of $6,400,000. Out-of-pocket costs of the business combination may be disregarded Stark's identifiable net assets had current fair values different from carrying amounts as follows: Carrying Current fair Amounts values Plant assets $10,000,000 $11,500,000 Other assets 1,000,000 700,000 Long-term debt 6,000,000 5,600,000 Instruction:Prepare a working paper to compute the amount of goodwill to be displayed in the consolidated balance sheet of Pyre Corporation and subsidiary on March 31, 2005Step by Step Solution
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