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need ans ASAP PLTO Ltd. is considering purchasing the net assets of Cheyenne Corporation. Following is the statement of financial position of Cheyenne as at
need ans ASAP
PLTO Ltd. is considering purchasing the net assets of Cheyenne Corporation. Following is the statement of financial position of Cheyenne as at December 31, 2023: Cheyenne Corporation Statement of Financial Position As at December 31, 2023 \\begin{tabular}{lr} Current assets & \\( \\$ 231,400 \\) \\\\ Buildings and equipment & 763,000 \\\\ Accumulated depreciation & \\( (118,000) \\) \\\\ Land & \\( \\$ 174,000 \\) \\\\ \\hline Total assets & \\( \\$ 197,000 \\) \\\\ Current liabilities & 572,000 \\\\ Common shares & 281,400 \\\\ Retained earnings & \\( \\$ 1,050,400 \\) \\\\ \\hline Total equities & \\end{tabular} Following are the fair values for Cheyenne's net assets, as at December 31, 2023: Calculate the value of goodwill that would be acquired by PLTO if it offered \\( \\$ 1,745,600 \\) for the net assets of Cheyenne. Value of goodwill \\( \\$ \\)Step by Step Solution
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