Question
The combinor paid $480 to acquire 75% of common shares issued by combinee on 1st January 2022. The fair market value of net assets
The combinor paid $480 to acquire 75% of common shares issued by combinee on 1st January 2022. The fair market value of net assets of combinee 400. What is the goodwill of the subsidiary on this date?
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Financial Accounting An Introduction
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