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Suppose an acquiring firm pays $100 million for a target firm and the target's assets have a book value of $70 million and an estimated

Suppose an acquiring firm pays $100 million for a target firm and the target's assets have a book value of $70 million and an estimated replacement value of $80 million. What amount would be allocated to the acquiring firm's goodwill account?

A. $0 million B. $20 million C. $30 million D. $70 million E. $80 million

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