Johnson Corporation acquired all of the outstanding common stock of Smith Corporation for $11,000,000 in cash. The book value of Smith's net assets was $7,800,000. The fair values of all Smith's assets and liabilities were equal to their book values with the following exceptions: Receivables Building Intangible Assets Book Value $1,300,000 $8,000,000 $200,000 Fair Value $1,100,000 $9,400,000 $1,200,000 Calculate the amount Johnson should record as goodwill as a result of the transaction O a. $5,400,000 O b. $11,000,000 Oc. $7,800,000 O d. $3,200,000 O e. $1,000,000 On January 1, 20Y1, Myner Corporation purchased a used machine. Myner paid $50,000 down and signed a noninterest-bearing note requiring $250,000 to be paid on 12/31/20Y3. The fair value of the machine is not determinable. An interest rate of 8% properly reflects the time-value of money for this type of loan agreement. At what amount should Myner record the acquisition of the machine (for rounding differences, choose the closest number)? O a $198,450 Ob $250,000 c. $248,450 O d. $300,000 O e $50,000