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On 12/31/22, Mini Cooper Corp decided to purchase all of Water Color Corp for $400,000 so that it could change the color of the new
On 12/31/22, Mini Cooper Corp decided to purchase all of Water Color Corp for $400,000 so that it could change the color of the new 2023 mini coopers. The following info is from Water Colors Financials:
Total Assets: $341,000,
Total Liabilities: $85,000;
Fair Value of NET assets as of 12/31/22: $321,000.
What amount of Goodwill does Mini Cooper report on its books?
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
