In the acquisition last year of royal co. common stock, Ask an Expert

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Palmetto Inc. is currently using the equity method to account for its 30% investment in Royal Company. In the acquisition last year of Royal Co. common stock, Palmetto find outd $1,000,000 of goodwill. what is the correct accounting for this goodwill during the current year ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M972084

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