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Business, 26.09.2019 17:30 gsls6165

At the beginning of the year, parent company purchased all 500,000 shares of sub incorporated for $15 per share. just before the acquisition date, sub’s balance sheet reported net assets of $6 million. parent determined the fair value of sub’s property and equipment was $1 million higher than reported by sub. what amount of goodwill should parent report as a result of its acquisition of a sub?

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