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svet-max [94.6K]
3 years ago
14

On January 1, 2016, Lester Company purchased 70% of Stork Corporation's $5 par common stock for $600,000. The book value of Stor

k net assets was $640,000 at that time. The fair value of Stork's identifiable net assets were the same as their book value except for equipment that was $40,000 in excess of the book value. In the January 1, 2016, consolidated balance sheet, goodwill would be reported at:A. $152,000. B. $177,143. C. $80,000. D. $0.
Business
1 answer:
Soloha48 [4]3 years ago
3 0

Answer:D. $0

Explanation:

Goodwill is the excess of the purchasing price of a company value of indentifiable net assets.. The purchasing price in this example is less than the value of the.

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1 year ago
Krening Realty has been found guilty of running deceptive ads. Which of these statements about the potential penalty is NOT true
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3 0
3 years ago
Susan can brew 5 gallons of root beer in an hour or she can make 4 pizzas in an hour. Becky can brew 7 gallons of root beer in a
Murljashka [212]

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I hope my answer helps you

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Subscribe to my channel :))<br><br>It would mean so much<br><br>- avastories​
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Hey mate....

subscribed already.....thx for points

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