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Question 1 (10 points): Failaka Company, based in Kuwait, acquired all shares of common stock of a Transit Company in Germany in the beginning of

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Question 1 (10 points): Failaka Company, based in Kuwait, acquired all shares of common stock of a Transit Company in Germany in the beginning of 2021. Assume that, Failaka Company paid more than the book value of the net assets of Transit company, . Please define the terms of differential, excess value and goodwill which occur in an acquisition process? In which financial statement should the goodwill be shown

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