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Taxpayer acquired an entity in a nontaxable business combination and the preliminary goodwill recorded for book purposes is $100,000. Accounts receivables is the only asset
Taxpayer acquired an entity in a nontaxable business combination and the preliminary goodwill recorded for book purposes is $100,000. Accounts receivables is the only asset acquired that had a different fair value ($35,000) and tax basis ($15,000). Tax rate is 25%. What is the final goodwill that will be recorded?
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