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Juliana Corporation purchased all of the outstanding stock of Caldwell Incorporated, paying $3,300,000 cash. Juliana...

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Accounting

Juliana Corporation purchased all of the outstanding stock of Caldwell Incorporated, paying $3,300,000 cash. Juliana assumed all of the liabilities of Caldwell. Book values and fair values of acquired assets and liabilities were:

Book Value Fair Value
Current assets (net) $ 250,000 $ 530,000
Property, plant, & equpiment (net) 1,540,000 2,240,000
Liabilities 320,000 750,000

Juliana would record goodwill of:

Multiple Choice

$1,980,000.

$5,120,000.

$1,280,000.

$430,000.

Answer & Explanation Solved by verified expert
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