Question: Purchase Price $1,800,000 Book value Fair Value Increase Current assets (net) $ 350,000 $500,000 $150,000 Property, plant, & equip. $1,300,000 $1,700,000 $400,000 (net) Liabilities $

Purchase Price $1,800,000 Book value Fair Value Increase Current assets (net) $ 350,000 $500,000 $150,000 Property, plant, & equip. $1,300,000 $1,700,000 $400,000 (net) Liabilities $ 400,000 $650,000 $250,000 Owners' Equity $1.250,000 $1,550,000 $300.000 How much GOODWILL should they record for the purchase? $400,000. $300,000 $550,000. $ 250,000

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