On january 1 2010 lester company purchased 70 of stork

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On January 1, 2010, Lester Company purchased 70% of Stork Corporation's $5 par common stock for $600,000. The book value of Stork net assets was $640,000 at that time. The fair value of Stork's identifiable net assets were the same as their book value except for equipment that was $40,000 in excess of the book value. In the January 1, 2010, consolidated balance sheet, goodwill would be reported at?

Reference no: EM13612829

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On january 1 2010 lester company purchased 70 of stork : on january 1 2010 lester company purchased 70 of stork corporations 5 par common stock for 600000. the book value of
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