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In 2 0 1 6 , Gates Industries purchased William Industries for $ 1 billion. The book value of William Industries at the time was
In Gates Industries purchased William Industries for $ billion. The book value of William Industries at the time was $ million. Where should the excess amount of $ that Gates is paying be recorded in the financial statements?
Tangible asset excess value of company purchased
Intangible asset goodwill
Tangible asset patents and copyrights
Intangible asset excess value of company purchased
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