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What is the value of goodwill

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Question - Acquiring Company pays $35 million for all of the outstanding stock in Target Company. The fair market value of Target Company's tangible assets is $15.00 million and the fair market value of its intangible assets is $10 million. The fair market value of assumed liabilities is $5 million. What is the value of goodwill (in millions) that must be shown on the balance sheet of the combined companies?

Reference no: EM132786644

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