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Following Its Acquisition of the Net Assets of Burnt Company,Primrose

Question 10

Multiple Choice

Following its acquisition of the net assets of Burnt Company,Primrose Company assigned goodwill of $60,000 to one of the reporting divisions.Information for this division follows: Following its acquisition of the net assets of Burnt Company,Primrose Company assigned goodwill of $60,000 to one of the reporting divisions.Information for this division follows: Based on the preceding information,what amount of goodwill will be reported for this division if its fair value is determined to be $200,000? A) $0 B) $60,000 C) $30,000 D) $10,000 Based on the preceding information,what amount of goodwill will be reported for this division if its fair value is determined to be $200,000?


A) $0
B) $60,000
C) $30,000
D) $10,000

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