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o Princess has acquired several other companies. Assume that Princess purchased Kather for $5.000.000 cash. The book value of Kelleher's ass is $17.000.000 manat value
o Princess has acquired several other companies. Assume that Princess purchased Kather for $5.000.000 cash. The book value of Kelleher's ass is $17.000.000 manat value $18.000.0001, and this listes 15.000.000 market value $15,000,000) Requirements 1. Compute the cost of goodwill purchased by Princess 2 Record the purchase of Kaliohor by Princess Requirement 1. Compute the cost of goodwill purchased by Princess Purchase price to acquire Kelleher Market value of Kelleher's assets Less: Market value of Kelleher's liabilities Less: Market value of Kelleher's met assets Goodwill Requirement 2. Record the purchase of Keleher by Princess, Inc. (Record debits first, the credits. Select the explanation on the last line of the joumal entry table) Accounts and Explanation Crede Date
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