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Suppose company X purchases Y enterprises for 1 2 0 million in cash. for purposes of the acquisition, Y enterprises fixed assets were appraosed at
Suppose company X purchases Y enterprises for million in cash. for purposes of the acquisition, Y enterprises fixed assets were appraosed at million. further, assume Y enterprises has working capital of million and no longterm debt. if Company X uses the purchase accounting method to account for the acquisition, goodwill of is created.
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