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This course Dashboard - My courses 20202 General - 8 Question 8 X Corporation concluded that the fair value of H Company was $80,000 and

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This course Dashboard - My courses 20202 General - 8 Question 8 X Corporation concluded that the fair value of H Company was $80,000 and paid that amount to acquire all of its net assets. H reported assets with a book value of $60,000 and fair value of $98,000 and liabilities with a book value and fair value of $23,000 on the date of combination X also paid $3,000 to a search firm for tinder's fees related to the acquisition. What amount will be recorded as expenses by X Corporation while recording its investment in H? 15 22 Select one Finish Time b. 5,000 1,000 di 3,000

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