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What is the goodwill amount

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Problem 1: P purchased 100% of S for $4,800,000.

Book value of S assets: $4,900,000

Fair value of S assets: $5,500,000

Book value of S liabilities: $1,100,000

Fair value of S liabilities: 1,000,000

What is the goodwill amount?

Reference no: EM132478927

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