On January 1,2019,Fall Corporation Acquired 100% of the Outstanding Voting

question 47

Essay

On January 1,2019,Fall Corporation acquired 100% of the outstanding voting shares of Foliage Corporation for $600,000.The book and fair values of Foliage's assets and liabilities as of January 1,2019 are listed below:
What amount of goodwill,if any,will be recorded by Fall Corporation as a result of this investment?

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Definitions:

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A characteristic used to divide a population or market into subsets, based on shared attributes, for targeted analysis or marketing.

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