At the beginning of fiscal 2017, Wooster Company acquired a small savings and loan association for $92 million. The book value of the assets of the acquired company were $235 million, its liabilities $155.3 million. An appraiser determined that the acquirees land had a fair value of $3 million in excess of its net book value. Wooster also determined that the acquiree had an unrecorded liability of $6.08 million relating to a lawsuit. The book value of all other assets and liabilities approximated fair value. What did Wooster Company record as goodwill for this acquisition? Select one:

a. $15.38 million

b. $-0- million

c. $9.22 million

d. None of these are correct

e. $9.30 million

In its year end financial statements, Big Bank Corporation reports marketable debt securities of $554,798 million. The footnotes disclose that these securities have an amortized cost of $558,614 million. Which of the following is true?

Select one:

a. There are net unrealized losses of $3,816 million on these securities.

b. These are trading securities.

c. These are available-for-sale securities.

d. Both A and C

e. Both B and C

Ace Systems Inc. reported the following in its annual income statement: Basic earnings per share of $2.13 and diluted earnings per share of $2.11. There were 7,580 million weighted average basic shares outstanding during the year. What approximate net income, did the company report for the year?

Select one:

a. $3,592 million

b. $15,994 million

c. $3,559 million

d. $16,145 million

e. None of these are correct.