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On January 1,2023, Sandhill Corporation acquired Blossom Media for a cash payment of $872800. At...

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Accounting

On January 1,2023, Sandhill Corporation acquired Blossom Media for a cash payment of $872800. At the time of purchase, the fair value of Blossom's assets is $893700, and the fair value of the liabilities is $468600. At December 31,2023 Sandhill's asset carrying value (including goodwill) is $3618200 and the fair value is $3554400. What value was assigned to goodwill as a result of the Blossom Media purchase? Sandhill Inc. uses ASPE.
$63800
$425100
$447700
$20900 of negative goodwill
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