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Illinois Company has assets totaling $191,000 and liabilities totaling $56,000. United Company purchased Illinois Company for $148,000. What amount of goodwill, if any, will be
Illinois Company has assets totaling $191,000 and liabilities totaling $56,000. United Company purchased Illinois Company for $148,000. What amount of goodwill, if any, will be on United Company's books? $0 $56,000 $43,000 $13,000
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