On December 31, 2017, Ohare, Inc. paid 430,000 for all of the common stock of...
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Accounting
On December 31, 2017, Ohare, Inc. paid 430,000 for all of the common stock of High Corp on that date, High had assets and liabilities with book values of $400,000 and $90,000 and fair values of $420,000 and $70,000, respectively. What amount of goodwill will be reported on the December 31, 2017 balance sheet?
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