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On January 1, 20X1, Par Inc acquires 80.97% of Sub Corp for $170,085 in cash. Immediately before the acquisition, the book value of Sub's identifiable
On January 1, 20X1, Par Inc acquires 80.97% of Sub Corp for $170,085 in cash. Immediately before the acquisition, the book value of Sub's identifiable net assets was $115,276 with a fair value of $129,450, while the book value of Par's net assets was $226775.00. What will be the amount of goodwill on the consolidated balance sheet immediately after the acquisition if the identifiable-net-assets (INA) method is used?
a.
$65,269
b.
$63,638
c.
$62,006
d.
$66,901
e.
$60,374
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