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On January 12023Blossom Corporation acquired Cullumber Media for a cash payment of $874400. At the time of purchasethe value of Cullumber's assets is $897600, and
On January 12023Blossom Corporation acquired Cullumber Media for a cash payment of $874400. At the time of purchasethe value of Cullumber's assets is $897600, and the fair value of the liabilities is $465600. At December 31, 2023 Blossom's asset carry value (including goodwill) is \$3617600 and the fair value is $3558400What value was assigned to goodwill as a result of the Cullumber Media purchase ? Blossom uses ASPE $59200 $432000 442400 $ 23200 of negative goodwill
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
