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Question 13 (1 point) GenXco acquired a business division of Targit Ltd. in an asset purchase for $48 million. The purchase included the identifiable assets
Question 13 (1 point) GenXco acquired a business division of Targit Ltd. in an asset purchase for $48 million. The purchase included the identifiable assets and liabilities listed in the accompanying table. Current Assets PP&E Assets Intangible Assets Current Liabilities Long-term Debt ($000s omitted) Carrying Value Fair Value 9,200 10,000 24,600 38,000 6,000 (6,100) (6,100) (7,680) (7,900) 'Carrying Value' represents the amounts on the Targit division's financial statements and the 'Fair Values' were obtained by GenXco's professional advisors and subcontracted estimators. In recording this acquisition, GenXco should recognize Goodwill (in $ millions) of
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