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How much goodwill should Allium recognize

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Reference no: EM132619275

Question - Allium Corporation acquired all outstanding shares of BlueBell Ltd. For $4.2 million. Selected information relating to BlueBell was as follows:

Fair value of identifiable net assets: $4.1 million

Book value of identifiable net assets: $3.5 million

Required - How much goodwill should Allium recognize?

Reference no: EM132619275

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