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Page Company acquired all of the outstanding common stock of Sage Company at a total cost of $100,000. Sage Companys net assets have a book
Page Company acquired all of the outstanding common stock of Sage Company at a total cost of $100,000. Sage Companys net assets have a book value of $60,000 and a current value of $90,000. In the parents general ledger, how much would be shown in the Goodwill account? a. $-0- b. $10,000 c. $30,000 d. $40,000 e. None of the answers is correct.
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