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On January 1, 2024, Kelsey purchased DEF Company for $500,000. At the time, DEF Company had assets with a market value of $370,000 and liabilities

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On January 1, 2024, Kelsey purchased DEF Company for $500,000. At the time, DEF Company had assets with a market value of $370,000 and liabilities with a market value of $70,000. What is the amount of net assets used to calculate goodwill? A. $200,000 B. $130,000 c. $300,000 D. $370,000

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