On 1 June 2023, Goodwin Limited acquired the business of Monty Inc. for $280 000....
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On 1 June 2023, Goodwin Limited acquired the business of Monty Inc. for $280 000. The carrying amount of Monty Inc's net assets at the time of the acquisition was $215 000 while independent valuers calculated their fair value at $250 000. Goodwin Limited should debit 'Goodwill for the amount of: $30 000 $65 000 $35 000 $0
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