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What is the amount of goodwill acquired by Deep Blue Sea

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Question - 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?

a. $50000

b. $750000

c. $700000

d. $300000

Reference no: EM133013612

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