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Problem #4 XYZ Company is interested in purchasing ABC Co. The fair market value of...

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Accounting

Problem #4

XYZ Company is interested in purchasing ABC Co. The fair market value of net assets of ABC Company is $76 Billion. XYZ Co. places a bid to purchase ABC Co for $112 Billion.

  1. Compute goodwill

  1. Will to goodwill appear on XYZs or ABCs books after the buyout? Explain.

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