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Question 1: What is Goodwill and which financial statement (and section of that financial statement) does it show up in? (0.4 points) Question 2: When

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Question 1: What is Goodwill and which financial statement (and section of that financial statement) does it show up in? (0.4 points) Question 2: When you make a payment to pay off a loan, does that payment apply to the principal first or the interest first? Explain your answer! (0.4 points)

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