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Perch Co. acquired 80% of the common stock of Float Co. for $1,600,000. The fair...

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Accounting

Perch Co. acquired 80% of the common stock of Float Co. for $1,600,000. The fair value of Floats net assets was $1,850,000 and the book value was $1,500,000. What is the amount of goodwill recognized under IFRS at the date of acquisition?

a. 0

b. 150,000

c. 250,000

d. 120,000

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