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Question 4 (10 points) T-Flex Corp acquires Z-Bone Corp for $19 million. Z-Bone has assets of $10 million and liabilities of $2 million. T-Flex would
Question 4 (10 points) T-Flex Corp acquires Z-Bone Corp for $19 million. Z-Bone has assets of $10 million and liabilities of $2 million. T-Flex would record Goodwill as a) $7 million Ob) $11 million Oc) $10 million d) $13 million Question 5 (10 points) Under the periodic inventory method, the balance in inventory is constantly updated after each sale. a) True b) False DEC ))) 16 hulu
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