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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
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