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What the amount of goodwill to be recognized by myer limited

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Problem 1: Myer Limited acquired the net assets and contingent liabilities of Jones Limited for a purchase consideration of $700,000. Jones Limited's net assets and contingent liabilities at affair value were total assets $740,000, total liabilities $200,000, and contingent liabilities $50,000. The amount of goodwill to be recognized by Myer Limited when recording the business combination is

Reference no: EM132616303

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