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Business, 25.02.2020 21:27 frtjay

On January 1, Year 2, Neal Co. issued 100,000 shares of its $10 par value common stock in exchange for all of Frey, Inc.’s outstanding stock. The fair value of Neal’s common stock on that date was $19 per share. The carrying amounts and fair values of Frey’s assets and liabilities on January 1, Year 2, were as follows:
Carry Amount of Net Assets: $1,725,000
Fair Value of Net Assets: $1,830,000
What is the amount of goodwill resulting from the business combination?

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On January 1, Year 2, Neal Co. issued 100,000 shares of its $10 par value common stock in exchange f...

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