When the investor pays $100,000 to acquire 40% of a company's outstanding voting shares at a time when the fair value of the company's net assets are $175,000, the resulting goodwill amount is $30,000.
Answer the following statement true (T) or false (F)
True
$100,000 ? (175,000 × 40% = 70,000) = $30,000 goodwill
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