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How much will acquirer record as goodwill

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Question - Target Inc. has 30 million shares outstanding and trades at $50 per share. Target has net identifiable assets with a book value of $1 billion and a fair value of $1.2 billion. Acquirer Corporation purchases all of Target Inc. stock for $60 per share. How much will Acquirer record as goodwill upon acquiring Target?

a. $300 million

b. $500 million

c. $600 million

d. $800 million

Reference no: EM131795210

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