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On January 1, 2023, Crane Corporation acquired Ivanhoe Media for a cash payment of $877700. At the time of purchase, the fair value of Ivanhoe's
On January 1, 2023, Crane Corporation acquired Ivanhoe Media for a cash payment of $877700. At the time of purchase, the fair value of Ivanhoe's assets is $894200, and the fair value of the liabilities is $470000. At December 31, 2023 Crane's asset carrying value (including goodwill) is $3617700 and the fair value is $3556500. What value was assigned to goodwill as a result of the Ivanhoe Media purchase? Crane Inc. uses ASPE. $61200 $424200 $453500 $16500 of negative goodwill
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
