South-Western Federal Taxation 2019: Comprehensive, Loose-leaf Version, 42nd + CengageNOWv2, 2 term Printed Access with Access
42nd Edition
ISBN: 9781337813525
Author: Jr William H. Hoffman
Publisher: Cengage Learning
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The cash purchase price in a stock acquisition is $1,450,000; the book value of the acquired company is $950,000. The book values of equipment, land, and patents need to be adjusted (-$40,000), (-$65,000), and $190,000, respectively. Goodwill, if any, is recorded at_. a. $0 b. $415,000 c. $85,000 d. $195,000
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