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Short Corporation purchased Hathaway, Inc. for $252,000,000.

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Question

Short Corporation purchased Hathaway, Inc. for $252,000,000. The fair value of all of Hathaway's identifiable tangible & intangible assets was $48,000,000. Short will amortize any goodwill over the maximum number of years allowed. What is the annual amortization of goodwill for this acquisition?;A. 100,000;B. 400,000;C. 200,000;D. 0

 

Paper#27422 | Written in 18-Jul-2015

Price : $27
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