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MC Qu. 16-64 On January 1, 2018, the Husky Corporation.. On January 1, 2018, the Husky Corporation acquired 90% of the Spartan Company's voting stock
MC Qu. 16-64 On January 1, 2018, the Husky Corporation.. On January 1, 2018, the Husky Corporation acquired 90% of the Spartan Company's voting stock for $2,700,000. Spartan's net assets had a book value of $2,450,000; the fair value of Spartan's building was $325,000 greater than its book value. The book value of Husky's net assets immediately after the acquisition of Spartan totaled $6,850,000. What is the amount of goodwill to be reported on the January 1, 2018 consolidated balance sheet? Multiple Choice $202,500 $225,000 $495,000 $550,000
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