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please show all work Peach Co. acquired 60% of the common stock of Fanny Corp. for $480,000. At the acquisition date, the fair value of
please show all work
Peach Co. acquired 60% of the common stock of Fanny Corp. for $480,000. At the acquisition date, the fair value of the noncontrolling interest was $300,000. The book value of Fanny's net assets was $450,000 and fair value of net assets was $600,000. What amount of goodwill should be attributed to Peach at the date of acquisition? O $110.000 $160,000 O $100,000 O $120.000Step by Step Solution
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