Gongman Corp. owned the following assets when it came out of a Chapter 11 bankruptcy: 
Gongman Corp. had a fresh start reorganization value of $1,000,000. What amount of goodwill should have been recognized in recording the reorganization?
A) $20,000.
B) $100,000.
C) $60,000.
D) $210,000.
E) $98,000.
Correct Answer:
Verified
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