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Question 19 Not yet answered Marked out of 1.50 Flag question s Co paid $170,000 to acquire all of B Co net assets.B reported assets
Question 19 Not yet answered Marked out of 1.50 Flag question s Co paid $170,000 to acquire all of B Co net assets.B reported assets with a book value of $189,000 and a fair value of $206,000 and liabilities with a book value and fair value of $48,000 on the date of the combination.S CO also paid $8,000 to a search firm for finder's fees related to the acquisition.What amount will be recorded as investment? Select one: a. 170,000 b. 158,000 c. 162,000 d. 178,000
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