How should the payment in excess of the fair value

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Question - Morgan Company acquires all of the outstanding shares of Jennings, Incorporated for cash. Morgan transfers consideration more than the company's net assets. How should the payment in excess of the fair value be accounted for in the consolidation process?

Reference no: EM132589221

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How should the payment in excess of the fair value : Morgan transfers consideration more than the company's net assets. How should the payment in excess of the fair value be accounted
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