Business, 10.10.2019 03:30 arichar

On january 1, 2017, dawson, incorporated, paid $100,000 for a 30% interest in sacco corporation. this investee had assets with a book value of $550,000 and liabilities of $300,000. a patent held by sacco having a book value of $10,000 was actually worth $40,000 with a six-year remaining life. any goodwill associated with this acquisition is considered to have an indefinite life. during 2017, sacco reported net income of $50,000 and paid dividends of $20,000 while in 2018 it reported net income of $75,000 and dividends of $30,000. assume dawson has the ability to significantly influence the operations of sacco. the amount allocated to goodwill at january 1, 2017, is: group of answer choices $10,000 $25,000 $16,000 $ 9,000 $13,000

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On january 1, 2017, dawson, incorporated, paid $100,000 for a 30% interest in sacco corporation. thi...

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