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What the estimated goodwill for icicles industry

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Question 1: Icicle Corp.'s average annual net income is $50,000 above the average for Icicle's industry. Snowy is interested in purchasing Icicle. Assuming Snowy estimates goodwill by capitalizing excess earnings at 13%, the estimated goodwill (to the nearest dollar) is

Option 1: $753,846.

Option 2: $685,162.

Option 3: $384,615.

Option 4: $ 0.

Reference no: EM132498508

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