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On January 1,2019,Fall Corporation Acquired 100% of the Outstanding Voting

Question 47

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On January 1,2019,Fall Corporation acquired 100% of the outstanding voting shares of Foliage Corporation for $600,000.The book and fair values of Foliage's assets and liabilities as of January 1,2019 are listed below:
On January 1,2019,Fall Corporation acquired 100% of the outstanding voting shares of Foliage Corporation for $600,000.The book and fair values of Foliage's assets and liabilities as of January 1,2019 are listed below: What amount of goodwill,if any,will be recorded by Fall Corporation as a result of this investment? What amount of goodwill,if any,will be recorded by Fall Corporation as a result of this investment?

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