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Orlando Company Acquired All of the Shares of Tampa Company

Question 98

Multiple Choice

Orlando Company acquired all of the shares of Tampa Company for $100.The fair values of Tampa Company's assets and liabilities at the time of acquisition were $200 and $120, respectively.On the consolidated balance sheet of Orlando Company, goodwill is _____.


A) $-0-
B) $20)
C) $20
D) $100)

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