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Under which one of the following circumstances will goodwill be recognized in a business combination carried out as a legal merger? Group of answer choices

Under which one of the following circumstances will goodwill be recognized in a business combination carried out as a legal merger?

Group of answer choices

1.Fair value of net assets acquired > Cost of investment

2.Fair value of net assets acquired > Book value of net assets acquired

3.Fair value of net assets acquired < Cost of investment

4.Book value of net assets acquired > Cost of investment

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