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The amount to be reported as goodwill on a consolidated for Pork Ltd? On August 30, 2015 Pork Ltd. Purchased 100% of the shares of
The amount to be reported as goodwill on a consolidated for Pork Ltd?
On August 30, 2015 Pork Ltd. Purchased 100% of the shares of Sam Ltd. For $72,000 cash. The carrying amount of Sams's identifiable net assets is $70,000 and the acquisition differential is $2,000 on that date. $7,000 of the $2,000 acquisition differential is allocated to the net assets of Sam Ltd.
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Advanced Financial Accounting
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
10th edition
78025621, 978-0078025624
