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These are selected 2022 transactions for Grouper Corporation Jan. 1 Purchased a small company and...

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Accounting

These are selected 2022 transactions for Grouper Corporation Jan. 1 Purchased a small company and recorded goodwill of $165,000. Its useful life is indefinite. May 1Purchased a patent with an estimated useful life of 5 years and a legal life of 17 years for $120,000

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