Far-flung Co Ltd purchases Local Co Ltd for the purchase consideration of: 
Far-flung incurred legal fees of $6,000 to complete the acquisition.Local Co Ltd had the following assets and liabilities at the time of the purchase:
What is the value of goodwill,if any?
A) $0
B) $80,000
C) $141,000
D) $86,000
E) None of the given answers.
Correct Answer:
Verified
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