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How much goodwill does porter report on the acquisition

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problem 1: Radcliff Corporation acquires Soulon Company's assets and liabilities for $20,000,000 in cash. At the date of acquisition, Soulon's reported assets have a fair value of $50,000,000 and its reported liabilities have a fair value of $47,000,000. Investigation reveals that Soulon has unreported technology with a fair value of $5,000,000.

Question 1: How much goodwill does Porter report on this acquisition?

Reference no: EM132466656

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