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Question 5 Not yet saved Marked out of 1.00 Maroons Limited acquired the net assets and contingent liabilities of Lewis Limited for $60,000. Lewis Limited's
Question 5 Not yet saved Marked out of 1.00 Maroons Limited acquired the net assets and contingent liabilities of Lewis Limited for $60,000. Lewis Limited's net assets and contingent liabilities were: total assets $84,000; total liabilities $10,000; and contingent liabilities $12,000. Maroons Limited will record a: P Flag question a. gain on bargain purchase of $60 000. b. gain on bargain purchase of $2 000. C. goodwill of $2 000. d. goodwill of $14 000
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