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Find and calculate goodwill on the transaction

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Reference no: EM132762870

A Company purchases the net assets of B Company for $7,600. Information concerning B Company at time of purchase is:

Carrying value of assets $ 16,000
Shareholders' equity 4,000
Fair value of total assets 18,000
Carrying value & fair value of liabilities 12,000

Required:

Problem 1: Calculate goodwill on the transaction.

Reference no: EM132762870

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