The Charlie Corp

question 82

Multiple Choice

The Charlie Corp. buys Dixon Corp., for a total purchase price of $100 million. At the time of the acquisition, Dixon's total identifiable assets had a fair value of $90 million. Their historical cost to Dixon was $80 million. Dixon's identifiable liabilities had a fair value which was the same as their historical cost of $30 million. The goodwill that should be recorded at the time of the purchase is

• A) $10 million
• B) $20 million
• C) $40 million
• D) $50 million

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Definitions:

Voluntary Muscle Activity

Muscle movements that are under conscious control, involving skeletal muscles and used to perform deliberate actions.

External Stimuli

Elements or factors outside an individual that can elicit a response or reaction.

Dream Content

The actual material and storyline of a dream as remembered by the dreamer.

Lucid Dream

A dream in which the dreamer is aware that they are dreaming and can sometimes control the dream's events.