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Java Dreams which is located in Madison, Wisconsin is about to be taken over by One Mean Bean. Java Dreams shows assets of $86,400
Java Dreams which is located in Madison, Wisconsin is about to be taken over by One Mean Bean. Java Dreams shows assets of $86,400 and liabilities of $15,000. The fair value of the assets is $90,000 and the fair value of its liabilities is $15,000. One Mean Bean paid Java Dreams $95,000 to acquire all of its assets and liabilities. One Mean Bean should record goodwill on this purchase as:
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