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What is the amount of goodwill acquired by deep blue sea

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Problem 1: Deep Blue Sea Lodge Ltd acquired all the shares in Snorkel Ltd for $750 000. The fair value of the assets acquired was $1 000 000 and the fair value of the liabilities assumed was $300 000. What is the amount of goodwill acquired by Deep Blue Sea Lodge Ltd?

Select one:

a. $50000
b. $750000
c. $700000
d. $300000

Reference no: EM132919735

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