37. Peewee Corp acquire 80% of Subby Corp on January 1, 20x1 fair value of Subby's building and equipment was $20,000 greater than the book value. Buildings and equipment are depreciated on a 10-year basis. The trial balance of Subby include: Common Stock $50,000, Paid- In Capital $20,000, Retained Earnings $50,000. The amount of goodwill is: 38 Goodwill will represent the excess of the cost of an acquainted company over the A. Sum of the fair values assigned to identifiable assets acquired less liabilities assumed B. Sum of the fair values assigned to tangible assets acquired less liabilities assumed C. Sum of the fair values assigned to intangible assets acquired less liabilities assumed D. Book value of an acquired company