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  2. Topic
    Business
  3. Study Set
    Accounting Understanding and Practice
  4. Exam
    Exam 7: Advanced Interpretation of Company and Group Accounts
  5. Question
    If One Company Buys Another for Less Than the Net
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If One Company Buys Another for Less Than the Net

Question 2

Question 2

True/False

If one company buys another for less than the net book value of its assets,this is regarded as "negative goodwill" and does not require that the assets and liabilites be revalued at "fair value"

Correct Answer:

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