Homework Help - 08A from On X + com/courses/48918/assignments/1058216 BUSINESS COMBINATION Submit Assignment Due No Due Date Points 50 Submitting a file upload File Types doc, xIs, and pf PROBLEM 1. (10 points) Entity A acquired all the assets and assumed all the liabilities of Entity B for P1,800,000. Information on Entity B's assets and liabilities as at acquisition date is shown below: Assets Carrying amounts Fair values Receivables - net 200,000 100,000 Inventory 600,000 450,000 Building - net 1,200,000 1,800,000 Goodwill 100,000 20.000 TOTAL ASSETS 2,100,000 2,370,000 LIABILITIES: Payables 900,000 700.000 REQUIRED: Compute for the goodwill (gain on bargain purchase)