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Geragos Corporation acquired 100% of the outstanding stock of Hunter Inc on July 1, 2021, paying $1,400 in cash. The book value and fair value
Geragos Corporation acquired 100% of the outstanding stock of Hunter Inc on July 1, 2021, paying $1,400 in cash. The book value and fair value of the assets and liabilities of Hunter on the date of acquisition are listed below. Calculate the goodwill recorded, if any, as a result of the acquisition. Goodwill (8 points) Geragos Corporation acquired 100% of the outstanding stock of Hunter Inc on July 1, 2021, paying $1.400 in cash. The book value and fair value of the assets and liabilities of Hunter on the date of acquisition are listed below. Book Value Fair Value Accounts Receivable S200 $185 Inventory 160 160 Trademark 0 701 Property, Plant & Equipment, net 400 650 Accounts Payable 90 90 Notes Payable 160 160 Required: Calculate the goodwill recorded, if any, as a result of the acquisition. Show your work for partial credit. You must show your work to receive credit
Calculate the goodwill recorded, if any, as a result of the acquisition.
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