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    Business
  3. Study Set
    Advanced Accounting Concepts and Practice
  4. Exam
    Exam 5: The Purchase Method: at Date of Acquisition-100 Ownership
  5. Question
    For Consolidated Reporting Purposes, Goodwill Existing on a Target Company's
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For Consolidated Reporting Purposes, Goodwill Existing on a Target Company's

Question 69

Question 69

True/False

For consolidated reporting purposes, goodwill existing on a target company's books at the acquisition date must be amortized if it arose before the issuance of FAS 141.

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