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How much should sunlight report as goodwill

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Question - On June 30, 2014, Sunlight company purchased the net assets of Bright Company. The acquisition resulted in a purchased goodwill of P1,500,000. During 2014, Sunlight incurred additional costs of developing goodwill: P500,000 for training beam employees, and P250,000 for hiring additional Beam employees. How much should sunlight report as goodwill in its December 31, 2014 statement of financial position?

Reference no: EM132884606

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