June 1. Cline Co. paid $954,500 cash for all of the Issued and outstanding common stock of Renn Corp. The carrying amounts for Renn's assets and Ilabltes on June 1 follow:

Help

Save & ExIt

Cash

Accounts

receivable

Capitalized software costs

Goodwill

Liabilities

Net assets

171,000

274,'

500

307

,000

148,000

(156,000)

$ 744,500

On June 1. Renn's accounts receivable had a fair value of $213.000. Additionally, Renn's In-process research and development was estimated to have a fair value of $241.000. All other Items were stated at their fair values. On Cline's

June 1 consolidated balance sheet, how much is reported for goodwill?

Mutiple Choice

$117.000.

$307,000.

$31.000.

5176.500.

On Jue 1 C C paid $954.500 cash for all of the sued and outuand commock of Corp. The carrying amount to Rests and Cash $175,000 274,500 Accounts receivable Capitalized softiere costs 307,000 11 140,000 Liabilities (156,000) het assets 1744,500 On June 1ers accounts recevable had a far value of $20.000 Aadmory ser Junconsolded Delance sheet how much reported for go Muttes Chac m O OO O SIDE pe here to search cm Ind $241000 All VE OF C Actate Windows 33C Sunny & S MAM IND Save & Fa On June 1, Chine Co paid $954.500 cash for all of the issued and outstanding common stock of Runn Corp. The carrying amounts for Renn's mots and habimes on June Cash Accounts receivable $ 171,000 274,500 307,000 capitalized software costs Goodwill 148,000 Liabilities (156,000) Net assets 5.744,500 On June 1, Renn's accounts receiveble had a fair value of $213,000 Addonsly, Rann's in-process research and development was estimated to have a fair value of $241000 All other tas war sted at the fair values On Cine's June 1 consolidated balance sheet how much is reported for goodw Multe Chace