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View Policies Current Attempt in Progress Sheridan Companys 12/31/21 balance sheet reports assets of $12250000 and liabiliti

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Answer #1

OPTION: $4357000

EXPLANATION:

goodwill = consideration paid - fair value of the net assets purchased

= $12407000 - {($12250000 + $850000) - $5050000}

= $12407000 - $8050000

= $4357000

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