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The business is doing poorly, and they decided to liquidate. As such, the goodwill is non-existent. The goodwill was recorded when Flicker entered the business
The business is doing poorly, and they decided to liquidate. As such, the goodwill is non-existent. The goodwill was recorded when Flicker entered the business and was put entirely into Flicker's capital. The non-cash assets were sold for $200,000, and there are $20,000 of liquidation expenses
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