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Can you show me how you calculated Goodwill? Step by step? Thanks! Allocation of Purchase Price to Various Assets and Liabilities LO6 EXERCISE 2-9 Company

Can you show me how you calculated Goodwill? Step by step?

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Allocation of Purchase Price to Various Assets and Liabilities LO6 EXERCISE 2-9 Company S has no long-term marketable securities. Assume the following scenarios Case A Assume that P Company paid $130.000 cash for 100% of the net assets of S Company. s COMPANY Assets Long-lived Assets Current Assets Liabilities Net Assets Book Value S15,000 20,000 $85,000 130,000 $20,000 30,000 $80,000 120,000 Fair Value Case B Assume that P Company paid $I10,000 cash for 100% of the net assets of S Company. s COMPANY Assets Current Assets Long-lived Assets Liabilities Net Assets $85,000 80,000 Book Value Fair Value $15,000 30,000 $20,000 20,000 $80,000 90,000 Case C Assume that P Company paid $15,000 cash for 100% of the net assets of S Company. s COMPANY Assets Current Assets Long-lived Assets Liabilities Net Assets Book Value Fair Value $15,000 20,000 $85,000 40,000 $20,000 40,000 $80,000 20,000 Required: Complete the following schedule by listing the amount that would be recorded on P's books. Assets Retained Earnings Goodwill Long-lived Assets (Gain in Income Statement) Current Assets Liabilities Case A Case B Case C

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