Firm A acquires firm B when firm B has a book value of assets of $155 million and a book value of liabilities of $35 million. Firm A actually pays $175 million for firm B. This purchase would result in goodwill for firm A equal to ________.
A) $175 million
B) $155 million
C) $120 million
D) $55 million
Correct Answer:
Verified
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