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Juliana Corporation purchased all of the outstanding stock of Caldwell Inc., paying $3,000,000 cash. Juliana assumed all of the liabilities of Caldwell. Book values and
Juliana Corporation purchased all of the outstanding stock of Caldwell Inc., paying $3,000,000 cash. Juliana assumed all of the liabilities of Caldwell. Book values and fair values of acquired assets and liabilities were: Current assets (net) Property, plant, & equip. (net) Liabilities Book Value 360,000 1,650,000 350,000 Fair Value $ 560,000 2,130,000 620,000 Juliana would record goodwill of Multiple Choice $270,000. $1,670,000. $930,000. $4,600,000
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