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Investment accounting by parent before consolidation On July 1, 2022, an acquiring company paid 51,200,000 for 100w of the outstanding common stock of an irvestee

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Investment accounting by parent before consolidation On July 1, 2022, an acquiring company paid 51,200,000 for 100w of the outstanding common stock of an irvestee company in a transaction that qualifes as a business combination. immedlately preceding the transaction, the invettee company had the following condensed batance sheet: The acqubithon-date fair value of the property and equipment was $300,000 more than its carfying amount. For all other assets and liabiloes, the pre-ocquistion amounts reported on investees balance sheet wese equal to their ferpective fair values: What anount of goodwilt relyed to the acquistion of the investee must the acquiring company report in pre consolidation parent-only balance sheet immediately following the acquistion of ifvestee company common stock? 50 960,000 5220,000 4360.000

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