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00:00 Time Left:0:30:14 Amrita Sharma: Attempt 1 31 Answer 6 9 Question 7 (1 point) Sunny Co. purchased 80% of Reuben Ltd. for $1,300,000.
00:00 Time Left:0:30:14 Amrita Sharma: Attempt 1 31 Answer 6 9 Question 7 (1 point) Sunny Co. purchased 80% of Reuben Ltd. for $1,300,000. At the date of acquisition, the carrying value of 100% of Reuben's net identifiable assets was $600,000, and the fair value was $800,000. What is the amount of the goodwill under the entity method (assuming full fair value method for NCSHI)? Round to the nearest dollar, no $ signs or commas. Your Answer:
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