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

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Question 1 (10 points): Warba Company, based in Kuwait, acquired all shares of common stock of a Eurotrade Company in Germany in the beginning of 2021. Assume that, Warba Company paid more than the book value of the net assets of Eurotrade 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? Instructions for answering this question: The answer to this question is required as handwritten where you are also required to add a Handwritten Integrity Statement. Please follow the below steps: 1. Write on a blank paper your AUM student ID, full name, course code, section and date 2. Write the following integrity statement and sign: " affirm that I have neither given nor received any help on this assessment and that I personally completed it on my own." 3. Write your answer to the above question as required 4. Put your Original Civil ID card or AUM ID card on the paper 5. Take a picture or scan, and upload Important note: If handwritten document is submitted without the integrity statement including ID (Civil ID or AUM ID), then the related handwritten question(s) will not be graded

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