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Patent Corp

Question 49

Multiple Choice

Patent Corp., a publicly accountable entity, purchased a company with the following assets and liabilities for $100,000: Patent Corp., a publicly accountable entity, purchased a company with the following assets and liabilities for $100,000: How much goodwill should be recorded? A) $47,000 B) $53,000 C) $70,000 D) $100,000 How much goodwill should be recorded?


A) $47,000
B) $53,000
C) $70,000
D) $100,000

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