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Question 9 1/1 point At the start of the current year. SBC Corp. purchased 30% of Sky Tech Inc, for $45 million. At the time
Question 9 1/1 point At the start of the current year. SBC Corp. purchased 30% of Sky Tech Inc, for $45 million. At the time of purchase the carrying value of Sky Tech's net assets was $75 million. The fair value of Sky Tech's depreciable assets was $15 million in excess of their book value. For this year, Sky Tech reported a net income of $75 million and declared and paid $15 million in dividends. The amount of purchased goodwillis: o $18 million $30 million $60 million None of the above are correct
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