Question
Trade Wind Ltd acquired all the shares in Clear Wind Ltd at a cost of $1 250 000. The fair value of the assets acquired
Trade Wind Ltd acquired all the shares in Clear Wind Ltd at a cost of $1 250 000. The fair value of the assets acquired was $1 450 000 and the fair value of the liabilities assumed was $450 000. The amount of goodwill acquired by Trade Wind Ltd is:
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Essentials Of Forensic Accounting
Authors: Michael A Crain, William S Hopwood,
1st Edition
1941651100, 978-1941651100
