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need the answer very fast without explain Question 4 On 1/1/2022 Rose Company purchased Lina Company for $250,000 cash. The following is the statement of
need the answer very fast without explain
Question 4 On 1/1/2022 Rose Company purchased Lina Company for $250,000 cash. The following is the statement of finacial position on the date of purchase Lina Company Statement of Financial Position 150,000 30.000 On 1 January 2022 Property, plant & equipment 200.000 Kapital Furniture 60.000 Retained earning Accounts receivables 10,000 Accounts payable Total Assets 300,000 Total equity & Liabilities 100,000 300.000 Additional Information: - Furniture is overvalued by 10,000 - Property, plant & equipment as under alued by 40.000 Answer the following questions: 1- Is there any goodwill in this purchase? Yes No (Halfmark) 2- If yes, how much this goodwali? (One mark) 3. In the journal entry, goodwill should be in which side Debit Credit Halfmark) Step by Step Solution
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