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Business, 25.12.2019 01:31 knightc904

Sunland company’s 12/31/18 balance sheet reports assets of $694 and liabilities of $274. all of sunland’s assets’ book values approximate their fair value, except for land, which has a fair value that is $414000 greater than its book value. on 12/31/18, horace wimp corporation paid $7074000 to acquire sunland. what amount of goodwill should horace wimp record as a result of this purchase?

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Sunland company’s 12/31/18 balance sheet reports assets of $694 and liabilities of $274. all of sunl...
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