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Author Question: Arises when one company acquires another company for a price in excess of the fair market value of ... (Read 53 times)

FButt

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on: Jul 6, 2018
arises when one company acquires another company for a price in excess of the fair market value of the net identifiable assets.
 
  What will be an ideal response?

Question 2

Closing entries are posted to the work sheet, but not to the general ledger.
 a. True
   b. False
   Indicate whether the statement is true or false


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ladyjames123

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Reply #1 on: Jul 6, 2018
Answer to Question 1

Goodwill

Answer to Question 2

False


FButt

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Reply 2 on: Jul 6, 2018
YES! Correct, THANKS for helping me on my review

mcabuhat

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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