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Wildhorse is having liquidity issues and must sell its business. The company's total assets have a fair value of $1194000 and its liabilities have a

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Wildhorse is having liquidity issues and must sell its business. The company's total assets have a fair value of $1194000 and its liabilities have a fair value of $137000. If Sandhill, Inc purchases the company for $364000, how much if any, will Sandhill record as a gain on acquisition? $693000$1057000$0$364000

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