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Question 2 View Policies Current Attempt in Progress Oriole Company's 12/31/18 balance sheet reports assets of $11550000 and liabilities of $4910000. All of Oriole's assets'
Question 2 View Policies Current Attempt in Progress Oriole Company's 12/31/18 balance sheet reports assets of $11550000 and liabilities of $4910000. All of Oriole's assets' book values approximate their fair value, except for land, which has a fair value that is $710000 greater than its book value. On 12/31/18, Egbert Corporation paid $11744000 to acquire Oriole. What amount of goodwill should Egbert record as a result of this purchase? Question 1 --/5 View Policies Current Attempt in Progress Sandhill Company's 12/31/18 balance sheet reports assets of $12400000 and liabilities of $5080000. All of Sandhill's assets' book values approximate their fair value, except for land, which has a fair value that is $880000 greater than its book value. On 12/31/18, Egbert Corporation pald $12560000 to acquire Sandhill. What amount of goodwill should Egbert record as a result of this purchase
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