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Large purchased all of Small's voting stock for $11 million when Small's total owners' equity was $4 million. The book value and market value of

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Large purchased all of Small's voting stock for $11 million when Small's total owners' equity was $4 million. The book value and market value of Small's liabilities equal $3 million. However, the market value of Small's total assets equals $9 million. What amount of goodwill is recorded by Large (in millions)? $2 $5 $6 O $7 Previous Next

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