Assuming the Entity Theory Was Applied, What Would Be the Amount

question 32

Multiple Choice

Assuming the Entity Theory was applied, what would be the amount of Goodwill appearing on the Consolidated Balance Sheet on the Date of acquisition, assuming that Parent purchased 80% of Sub Inc. for $180,000?

• A) $88,000
• B) $130,000
• C) $137,000
• D)$138,000

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A person who is legally owned by another person and is forced to work for them without pay.

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