Company S has no long term marketable securities Assume the following scenarios Case A Assume that P Company paid $134,910 cash for 100 of the net assets of S Company S COMPANY Assets Current Assets Long lived Assets Liabilities Net Assets Book Value $14,770 $85,340 $18,920 $81,190 Fair Value 21,580 117,830 30,700 108,710 Case B Assume that P Company paid $109,090 cash for 100 of the net assets of S Company S COMPANY Assets Current Assets Long lived Assets Liabilities Net Assets Book Value $14,770 $85,340 $18,920 $81,190 Fair Value 29,660 84,060 21,300 92,420 Case C Assume that P Company paid $15,530 cash for 100 of the net assets of S Company S COMPANY Assets Current Assets Long lived Assets Liabilities Net Assets Book Value $14,770 $85,340 $18,920 $81,190 Fair Value 20,060 43,970 40,430 23,600 Complete the following schedule by listing the amount that would be recorded on P's books Complete the following schedule by listing the amount that would be recorded on P's books Goodwill Assets Current Assets Long lived Assets Liabilities Retained Earnings (Gain) Case $ A Case B Case C

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Company S has no long term marketable securities  Assume the following scenarios  Case A Assume that P Company paid $134,910 cash for 100  of the net assets of S Company  S COMPANY Assets Current Assets Long lived Assets Liabilities Net Assets Book Value $14,770 $85,340 $18,920 $81,190 Fair Value 21,580 117,830 30,700 108,710 Case B Assume that P Company paid $109,090 cash for 100  of the net assets of S Company  S COMPANY Assets Current Assets Long lived Assets Liabilities Net Assets Book Value $14,770 $85,340 $18,920 $81,190 Fair Value 29,660 84,060 21,300 92,420 Case C Assume that P Company paid $15,530 cash for 100  of the net assets of S Company  S COMPANY Assets Current Assets Long lived Assets Liabilities Net Assets Book Value $14,770 $85,340 $18,920 $81,190 Fair Value 20,060 43,970 40,430 23,600 Complete the following schedule by listing the amount that would be recorded on P's books  Complete the following schedule by listing the amount that would be recorded on P's books  Goodwill Assets Current Assets Long lived Assets Liabilities Retained Earnings (Gain) Case $ A Case B Case C

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Company S has no long-term marketable securities. Assume the following scenarios: Case A Assume that P Company paid $134,910 cash for 100% of the net

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