Solution-What the balance sheet for alpha company should

What the balance sheet for alpha company should show

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Question 1: In 2018, Alpha Company purchased Bravo Company for $16,000,000 cash. At the time of purchase Bravo Company had $16,500,000 in assets and liabilities of $11,000,000. The market value of the assets was appraised to be $18,500,000, while the market value of the liabilities remains at $11,000,000. The 2018 balance sheet for Alpha Company should show goodwill of:

A. $10,500,000.

B. $8,500,000.

C. $3,500,000.

D. $0.

Reference no: EM132634351

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What the balance sheet for alpha company should show

Reference no: EM132634351

Reference no: EM132634351

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