Business, 13.09.2019 01:30 Taylor73836

Rand corporation acquires southern company's assets and liabilities for $20,000,000 in cash. at the date of acquisition, southern's balance sheet reported assets of $75,000,000 and liabilities of $65,000,000. investigation reveals that southern's reported plant assets are overvalued by $1,400,000. rand reports how much goodwill on this acquisition?

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