Big Company purchased Small Company for $1,200,000. Small Company had assets with a fair value $1,075,000, and liabilities with a fair value of $200,000.
Question
Big Company purchased Small Company for $1,200,000. Small Company had assets with a fair value $1,075,000,
and liabilities with a fair value of $200,000. Use this information to determine the dollar value of goodwill? (round to nearest whole dollar)
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