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The Piazza Baseball Bat Company acquired all of the outstanding common stock of Dierdorf Lumber for $3,500,000. The book values and fair values of Dierdorf's
The Piazza Baseball Bat Company acquired all of the outstanding common stock of Dierdorf Lumber for $3,500,000. The book values and fair values of Dierdorf's assets and liabilitles on the date of purchase were as follows: Current assets Property, plant, and equipment Liabilities Book Value Fair Value $ 860,000 830, 800 2,300,000 2,940,000 600,000 600,000 Piazza should record goodwill of: Multiple Choice $0 $940.000 $340,000 $330.000
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