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Pirate Corporation Acquired 100 Percent of Ship Corporation's Common Stock

Question 8

Multiple Choice

Pirate Corporation acquired 100 percent of Ship Corporation's common stock on January 1,20X9.Summarized balance sheet information for the two companies immediately after the combination is provided:
Pirate Corporation acquired 100 percent of Ship Corporation's common stock on January 1,20X9.Summarized balance sheet information for the two companies immediately after the combination is provided: -Based on the information provided,the consolidated balance sheet of Pirate and Ship will reflect goodwill in the amount of: A) $0. B) $58,000. C) $22,000. D) $36,000.
-Based on the information provided,the consolidated balance sheet of Pirate and Ship will reflect goodwill in the amount of:


A) $0.
B) $58,000.
C) $22,000.
D) $36,000.

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