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  3. assume that a ltd purchases b ltd for a price of s

Assume that A Ltd Purchases B Ltd for a price of SAR 350,000. If B...

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Accounting

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Assume that A Ltd Purchases B Ltd for a price of SAR 350,000. If B Ltd.'s assets and liabilities had a fair market value as shown below: PPE SAR 175,000, Patents SAR 15,000, Inventories SAR 110,000 . Receivables SAR 35,000. Cash SAR 20,000 and LiabilitiesSAR 45,000 Require: a. Calculate Goodwill. b. Pass the required Journal entry

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