3-On July 1, 2019, Captain Company paid $3,000,000 for all of the common stock of Bright...

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3-On July 1, 2019, Captain Company paid $3,000,000 for all of the common stock of Bright Sunshine, Inc. Bright Sunshines ide

business accounting

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Answer 1

Answer #1

a) Goodwill =

Company - fair value of subsidiary net identifiable assests

= $3000000 -$2850000 = $ 150000

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Answer 2

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3-On July 1, 2019, Captain Company paid $3,000,000 for all of the common stock of Bright...

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