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What is the balance in the goodwill class at the end

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Problem 1: Ben purchased Miller Co. on January 1, 2018 for $430,000, which included $35,000 of goodwill. It is now 2020 and Ben sold Miller Co. and received $55,000 for goodwill. What is the balance in the goodwill class at the end of 2019? What are the implications of the sale of goodwill for $55,000 in 2020?

Reference no: EM132829339

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