Multiple Choice
Short Corporation purchased Hathaway, Inc. for $52,000,000. The fair value of all Hathaway's identifiable tangible and intangible assets was $48,000,000. Short will amortize any goodwill over the maximum number of years allowed. What is the annual amortization of goodwill for this acquisition?
A) $100,000.
B) $400,000.
C) $200,000.
D) 0.Goodwill is not amortized.
Correct Answer:
Verified
Correct Answer:
Verified
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