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4. Goodwill. Danton, Inc. has the following assets and liabilities: Fair market value (arrying value Accounts Receivable P 500,000 Building 5,200,000 Machinery 400,000 Bonds Payable
4. Goodwill. Danton, Inc. has the following assets and liabilities: Fair market value (arrying value Accounts Receivable P 500,000 Building 5,200,000 Machinery 400,000 Bonds Payable (200,000) P 400,000 5,800,000 500,000 (200,000) a. Before calculations for goodwill, what value should a purchaser assign to Danton, Inc.? b. Assume that a purchaser pays P7 million. How much is goodwill, if any
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