Hi can someone explain to me why the 120,000 and 90,000 are subtracted from the purchase? I know the answer is 150,000(goodwill recognized) and that 1,240,000 is subtracted from the purchase because 1,240,000 represents net assets, but I don't understand why the 120,000 and 90,000 are subtracted? Please help!

here is the solution:

1,600,000 - (1,240,000 + 120,000 +90,000)= 150,000

None of the above e. Floyd Company purchases Haeger Company for $1,600,000 cash on January 1, 2015. The book value of Haeger Company's net assets, as reflected on its December 31, 2014 balance sheet is $1,240,000. An analysis by Floyd on December 31, 2012 indicates that the fair value of Haeger's tangible assets exceeded the book value by $120,000, and the fair value of identifiable intangible assets exceeded book value by $90,000. How much goodwill should be recognized by Floyd Company when recording the purchase of Haeger Company 0- Db. $360,000 c. $240,000 d. $150,000 e. None of the above ,ba 1456 00-74004 15 ,000