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Correction:

Bought 90% of company with net assets BV = $1.2M, FV=$1.5M, but FV at acquisition date = $1.6M, and paid $500k.

Goodwill under acquisition method = $1.6M-$1.5M = $100k.

This is similar to Example 9, page 44 of FRA, where they ignored the 90% acquisition!
Can someone summarize how you account for goodwill?

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