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Consolidated financial statements

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Axiom Corporation reported the book value of its net assets at $600,000 when Zebra Corporation acquired 100 percent ownership. The fair value of Axiom's net assets was determined to be $900,000 on that date. What amount of goodwill will be reported in consolidated financial statements presented immediately following the combination if Zebra paid $950,000 for the acquisition?

Reference no: EM132066814

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