Multiple Choice
Icicle Corp.'s average annual net income is $ 50,000 above the average for Icicle's industry. Snowy is interested in purchasing Icicle. Assuming Snowy estimates goodwill by capitalizing excess earnings at 13%, the estimated goodwill (to the nearest dollar) is
A) $ 753,846.
B) $ 685,162.
C) $ 384,615.
D) $ 0.
Correct Answer:
Verified
Correct Answer:
Verified
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