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On April 1, 2021, Charlie Inc. acquired Delta Corp. for $900,000 cash and issuance of a $600,000 bond payable. Delta's assets have a fair value
On April 1, 2021, Charlie Inc. acquired Delta Corp. for $900,000 cash and issuance of a $600,000 bond payable. Delta's assets have a fair value of $1,900,000 and a book value of $1,250,000. Delta's liabilities have a fair value and book value of $600,000.
Calculate the amount of goodwill on the purchase.
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