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I NEED THIS ASAP S-F:9-13 Accounting for goodwill Decca Publishing paid $230,000 to acquire Thrifty Nickel, a weekly advertising paper. At the time of the
I NEED THIS ASAP S-F:9-13 Accounting for goodwill Decca Publishing paid $230,000 to acquire Thrifty Nickel, a weekly advertising paper. At the time of the acquisition, Thrifty Nickel's balance sheet reported total assets of $130,000 and liabilities of $70,000. The fair market value of Thrifty Nickel's assets was $100,000. The fair market value of Thrifty Nickel's liabilities was $70,000. Requirements
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