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Question 5 Pasta acquired 1 0 0 % of Sauce for $ 2 0 0 . At acquisition date Sauce had equity of $ 1
Question
Pasta acquired of Sauce for $
At acquisition date Sauce had equity of $ comprised as follows:
Capital
Asset revaluation reserve
Retained earnings
Equity
The book value of net assets was considered to be close to fair value,
except for the following:
Intangibles
Cost
Carryingamount
Fair value
The tax rate is
What is the amount of goodwill acquired by Pasta?
Select one:
a
b credit
c debit
d credit
e debit
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