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What amount will be recorded by lowell as its investment

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Reference no: EM132984464

Question - lowell corporation acquired 100 percent of the stock of boston company when the book value of bostons net assets was $250000. The fair value of bostons net identifiable assets was $280000 on the acquisition date. Based on the precding information what amount will be recorded by lowell as its investment in boston if it paid $275000 for the acquisition?

A. 300000

B. 275000

C. 280000

D. 250000

Reference no: EM132984464

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