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Speedy delivery systems can buy a piece

04/05/2021 Client: muhammad11 Deadline: 2 Day

Suppose Speedy Delivery pays $62 million to buy Lone Star Overnight. The fair value of Lone Star’s assets is $80 million, and the fair value of its liabilities is $24 million. How much goodwill did Speedy Delivery purchase in its acquisition of Lone Star Overnight?

a. $42 million

b. $24 million

c. $38 million

d. $6 million

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