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Question 20 (10 points) Listen Goodwill Great Corporation is interested in purchasing Big World Company Ltd. The total of Big Worlds net income amounts over
Question 20 (10 points) Listen Goodwill Great Corporation is interested in purchasing Big World Company Ltd. The total of Big Worlds net income amounts over the last 6 years is $750,000 During one of those years, Big World reported a gain on discontinued operations of $63.000 The fair value of Big World's net identifiable assets is $685.000 A normal rate of retum on net identifiable assets is and Great Corporation wants to capitalize excess earnings at 20% Instructions Calculate the applicable amount of Goodwill ormar
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