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Turner's has $3.6 million in net working capital. The firm has fixed assets with a book value of $48.6 million and a market value
Turner's has $3.6 million in net working capital. The firm has fixed assets with a book value of $48.6 million and a market value of $49 million Martin - & Sons is buying Turner for $66 million in cash. The acquisition will be recorded using the purchase accounting method. What is the amount of goodwill that Martin & Sons will record on its balance sheet as a result of this acquisition? Your answer is assumed to be in $: do not enter the 5 sign and only enter numbers. The answer should be in millions (six zeros are deleted). For instance if the answer was $100.000.000 for $100 million), you would write 100.
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