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ACME, Inc. paid $30,000,000 to purchase Arthur, Ltd. At the dateof purchase, Arthur, Ltd. had assets with a current market value of$50,000,000 and liabilities with a current market value of$26,000,000.
a.Determine the amount of goodwill ACME, Inc., should report as aresult of the purchase.
b.How should ACME, Inc., report the goodwill in its financialstatements?
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