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On January 1, 2021, Silver Company acquires 80% of Wonderland Company for $2.400,000 in c acquisition-date estimated fair value of $600,000. Wonderland's acquisition-date total book

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On January 1, 2021, Silver Company acquires 80% of Wonderland Company for $2.400,000 in c acquisition-date estimated fair value of $600,000. Wonderland's acquisition-date total book value The fair value of Wonderland's recorded assets and liabilities equaled their carrying amounts. Ho estimated fair value of $120,000 and several customer relationships estimated to be worth $240.C Wonderland acquisition was considered goodwill. During 2021. Wonderland reported $200.000 net income and declared and paid dividends totaling paid dividends. What amount of goodwill should be reported on Silver's consolidated balance sheet at December $120.000 O $100.000 O $140,000 $110,000 On January 1, 2021, Silver Company acquires 80% of Wonderland Company for $2,400,000 in cash consideration The remaining 20 percent no acquisition-date estimated fair value of $600,000. Wonderland's acquisition date total book value was $2,500,000 The fair value of Wonderland's recorded assets and liabilities equaled their carrying amounts. However, Wonderland had two unrecorded assets- estimated fair value of $120,000 and several customer relationships estimated to be worth $240,000 with four-year remaining lives. Any remaini Wonderland acquisition was considered goodwill During 2021. Wonderland reported $200,000 net income and declared and paid dividends totaling $50,000. Also in 2021. Silver reported $450,00 paid dividends What amount of goodwill should be reported on Silver's consolidated balance sheet at December 31, 2021? 120,000 $100,000 $140,000 $110.000

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