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What is the amount of goodwill

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Question - On 1/1/2020, Co. X acquired all of the voting stock of Co. Y in exchange for issuing 80,000 stocks. The par value and the market price of Co. X's stock were $1 and 3$, respectively. Co. X also paid $10,000 for the printing and issuance of the Stocks. At acquisition, the fair value of Co. Y's net assets was $270,000. Co. Y was dissolved. What is the amount of Goodwill?

A- $50,000

B- $30,000

C- ($40,000)

D- ($30,000)

Reference no: EM133018372

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