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Prepare journal entries as june

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Total goodwill is $800,000 and no impairments have previously been recorded. $600,000 of this total relates to the purchase of company B on 1 March 2020. the estimated fair value of this goodwill at 30 June 2021 is $950,000.

  • The remaining $200,000 of the total goodwill relates to the purchase of company C on 1 January 2021. the estimated fair value of this goodwill at 30 June 2021 is $250,000.

Problem 1: Prepare journal entries as 30 June 2023.

Reference no: EM132819917

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