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P Company purchased the net assets of S Company for $225,000.On the date of P's purchase,S Company had no investments in marketable securities and $30,000 (book and fair value) of liabilities.The fair values of S Company's assets,when acquired,were: How should the $45,000 difference between the fair value of the net assets acquired ($270,000) and the consideration paid ($225,000) be accounted for by P Company?
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The act of punishing individuals who violate social norms or rules, even at a personal cost, to maintain group cooperation or social order.
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