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Acme inc paid 30000000 to purchase arthur ltd at the dateof

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ACME, Inc. paid $30,000,000 to purchase Arthur, Ltd. At the dateof purchase, Arthur, Ltd. had assets with a current market value of$50,000,000 and liabilities with a current market value of$26,000,000.

a.Determine the amount of goodwill ACME, Inc., should report as aresult of the purchase.

b.How should ACME, Inc., report the goodwill in its financialstatements?

Reference no: EM13611103

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