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-1. O n July 1, 20x9, Link Corporation paid $340.000 for all of Tinsel Company's Standing common stock. On that date, the costs and fair
-1. O n July 1, 20x9, Link Corporation paid $340.000 for all of Tinsel Company's Standing common stock. On that date, the costs and fair values of Tinsels recorded assets and liabilities were as follows: Cost Fair Value Cash and Receivables Inventory Buildings and Equipment (net) Liabilities Net assets $50,000 120,000125,000 240,000 (100,000) (100,000) $50,000 200,000 $270,000 $315.000 Based on the preceding information, the amount of differential is A) $70,000 B) $45,000 C) $%25,000 D) $0
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