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What amount of equity method goodwill results

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Problem 1: Birk Co. purchased 30% of Sled Co.'s outstanding common stock on December 31 for $200,000. On that date, Sled's equity was $500,000, and the fair value of its net assets was $600,000. On December 31, what amount of equity method goodwill results from this acquisition?

A. $0

B. $20,000

C. $30,000

D. $50,000

Reference no: EM132794588

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