{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-07T15:16:17-04:00", "answer_date": "2024-06-07 15:16:17", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2423205", "url": "\/study-help\/questions\/fresh-cut-corporation-purchased-all-the-outstanding-common-stock-of-2423205", "question_creation_date_js": "2024-06-07T15:16:17-04:00", "question_creation_date": "Jun 07, 2024 03:16 PM", "meta_title": "[Solved] Fresh Cut Corporation purchased all the o | SolutionInn", "meta_description": "Answer of - Fresh Cut Corporation purchased all the outstanding common stock of Premium Meats for $ 1 2 , 0 0 0 , 0 0 0 in cash. T | SolutionInn", "meta_keywords": "fresh,cut,corporation,purchased,outstanding,common,stock,premium,meats,$,1,2", "question_title_h1": "Fresh Cut Corporation purchased all the outstanding common stock of Premium Meats for $ 1 2 , 0 0 0 , 0 0 0 in", "question_title": "Fresh Cut Corporation purchased all the outstanding common stock of Premium Meats", "question_title_for_js_snippet": "Fresh Cut Corporation purchased all the outstanding common stock of Premium Meats for $ 1 2 , 0 0 0 , 0 0 0 in cash The book values and fair values of Premium Meats assets and liabilities were as follows Book Value Fair Value Accounts Receivable $ 1 , 8 0 0 , 0 0 0 $ 1 , 6 0 0 , 0 0 0 Equipment 8 , 5 0 0 , 0 0 0 9 , 9 0 0 , 0 0 0 Patents 3 0 0 , 0 0 0 1 , 7 0 0 , 0 0 0 Notes Payable ( 2 , 7 0 0 , 0 0 0 ) ( 2 , 7 0 0 , 0 0 0 ) Net assets $ 7 , 9 0 0 , 0 0 0 $ 1 0 , 5 0 0 , 0 0 0 Required 1 Calculate the amount Fresh Cut should report for goodwill 2 Record Fresh Cut's acquisition of Premium Meats ", "question_description": "