Lake would record goodwill of:

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Lake would record goodwill of:

Book Value Fair Value

Current assets (net) $ 130,000 $ 125,000

Property, plant, equip. (net) 600,000 750,000

Liabilities 175,000 175,000

Lake would record goodwill of:

A) $0.

B) $150,000.

C) $345,000.

D) $850,000.

Answer: B

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