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What is goodwill in the purchase

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Question 1: Kremlin Company pays $2,900,000 for all of the outstanding common stock of Reticular Corporation. Reticular has assets on its balance sheet with a net book value of $1,500,000 and a fair value of $2,500,000. Reticular had no liabilities at this time. What is goodwill in this purchase?

Reference no: EM132497963

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