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Company A acquires 100% of the net assets of Company B. Company B is dissolved...

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Accounting

Company A acquires 100% of the net assets of Company B. Company B is dissolved and no longer continues as a separate legal entity. Prior to the acquisition, Company B had Goodwill of $25,000 recorded on its general ledger. Question: Describe how Company A will account for Company B's goodwill balance of $25,000.

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