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QUESTION 1 Morris Company acquires all of the voting stock of Company for 1930,000 cash. The book values of Company's assets are $800,000, but the

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QUESTION 1 Morris Company acquires all of the voting stock of Company for 1930,000 cash. The book values of Company's assets are $800,000, but the fair values are $340,000 because land has a fair value above its book value. Goodwill from the combination is computed as: O A $130,000 OB. 50 C. 590,000 D. 540,000

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