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Tesla, Inc. acquires a subsidiary for $100,000,000. The fair value of identifiable net assets acquired is $90,000,000. Calculate the goodwill recorded by Tesla as a

ยทTesla, Inc. acquires a subsidiary for $100,000,000. The fair value of identifiable net assets acquired is $90,000,000. Calculate the goodwill recorded by Tesla as a result of the acquisition. Discuss the significance of goodwill in financial reporting.

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