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123 reports the following amounts Book Value Fair Value Assets 1,400,100 1,501,950 Liabilities 845,000 845,000 Net income 25,000 35,000 How much goodwill would be recorded
123 reports the following amounts
|
| Book Value | Fair Value | ||||
Assets |
| 1,400,100 |
|
| 1,501,950 |
| |
Liabilities |
| 845,000 |
|
| 845,000 |
| |
Net income |
| 25,000 |
|
| 35,000 |
|
How much goodwill would be recorded if ABC Corporation purchases 123 and assumed its liabilities, for $893,530?
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