Refer to the preceding information. On January 1, 20X5, how much goodwill was acquired by Bartell?

a. $17,200

b. $31,480

c. $11,400

d. $25,360 Bartell Inc., a U.S. company, acquired 90 percent of the common stock of a Malaysian company on January 1, 20X5, for $160,000. The net assets of the Malaysian subsidiary amounted to 680,000 ringgit (RM) on the date of acquisition. On January 1, 20X5, the book values of the Malaysian subsidiary’s identifiable assets and liabilities approximated their fair values. Exchange rates at various dates during 20X5 follow:

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RM $ January 1 1 = 0.21 December 31 1 = 0.24 Average for 20X5 1 = 0.22