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What amount of goodwill does mini cooper report on its books

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Question - On 12/31/21, Mini Cooper Corp decided to purchase all of Water Color Corp for $750,000 so that it could change the color of the new 2022 mini coopers. The following info is from Water Colors Financials: Total Assets: $468.000, Total Liabilities: $23,000; Fair Value of NET assets as of 12/31/21: $412,000. What amount of Goodwill does Mini Cooper report on its books?

Reference no: EM133101057

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