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What myer limited will record a

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Problem 1: Myer Limited acquired the net assets and contingent liabilities of Jones Limited for $80 000. Jones Limited's net assets and contingent liabilities were: total assets $94 000; total liabilities $20 000; and contingent liabilities $2 000. Myer Limited will record a:

Select one:

Option 1: gain on bargain purchase of $6 000

Option 2: gain on bargain purchase of $8000

Option 3: goodwill of $8000

Option 4: goodwill of $6 000

Reference no: EM132736587

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