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Azimuth Company Purchases a Small Business for $450,000

Question 152

Multiple Choice

Azimuth Company purchases a small business for $450,000.The market value of the business's assets are $850,000,and the market value of the liabilities are $400,000.How much goodwill should Azimuth record?


A) None
B) $500,000
C) $450,000
D) $50,000

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