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Business, 29.03.2021 17:30 lexie2439

On November 30, Pindar Co. purchased for cash at $30 per share all 250,000 shares of the outstanding common stock of Shimoda Co., a business entity. Shimoda reported net assets on that date with a carrying amount of $6 million. This amount reflected acquisition-date fair value except for property, plant, and equipment, which had a fair value that exceeded its carrying amount by $800,000. In its November 30 consolidated balance sheet, what amount should Pindar report as goodwill

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On November 30, Pindar Co. purchased for cash at $30 per share all 250,000 shares of the outstanding...
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