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London Inc. paid $100,000 for 25% of the net assets of Aylmer Inc. The net...

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Question

Accounting

London Inc. paid $100,000 for 25% of the net assets of Aylmer Inc. The net assets of Aylmer Inc. are $300,000. How much goodwill should London Inc. record?

Question 2 options:

a) $25,000

b) $75,000

c) 100,000

d) none of the above

Answer & Explanation Solved by verified expert
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