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Question 1 Paper Products, Inc., has $400,000 of goodwill on the balance sheet from The Fork Company which was purchased 5 years ago. The goodwill

Question 1

  1. Paper Products, Inc., has $400,000 of goodwill on the balance sheet from The Fork Company which was purchased 5 years ago. The goodwill amortization this year should be

    $40,000.

    $0.

    $20,000.

    $10,000.

    $80,000.

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