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21-05-2024
Business

Answered

X corporation acquires 90% of the voting common stocks of Y corporation by issuing 10000 common stocks with $1 par value and $30 fair market value. The net assets of combinee at the fair market value is 300000 (no business combination costs).The goodwill is --
a. 25500
b. 30000
c. 20000
d. 25000

Answer :

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