Need help understanding these questions.

On February 5, Pryor Corporation paid $1,600,000 for all the issued and outstanding common stock of Shaw, Inc., in a transaction properly accounted for as an acquisition. The book values and fair values of Shaw's assets and liabilities on February 5 were as follows Cash Receivables (net) Inventory Plant and equipment (net) Liabilities Net assets Book Value $ 160,000 180,000 315,000 820,000 (350,000) $1,125,000 Fair Value $ 160,000 180,000 300,000 920,000 (350,000) $1,210,000 What is the amount of goodwill resulting from the business combination? a. $-0-. b. $475,000. c. $85,000. d. $390,000. 17. P Company purchased the net assets of S Company for $225,000. On the date of P's purchase, S Company had no investments in marketable securities and $30,000 (book and fair value) of liabilities. The fair values of S Company's assets, when acquired, were Current assets Noncurrent assets Total 19. $ 120,000 180,000 $300,000 How should the $45,000 difference between the fair value of the net assets acquired ($270,000) and the consideration paid ($225,000) be accounted for by P Company? a. The noncurrent assets should be recorded at $ 135,000. b. The $45,000 difference should be credited to retained earnings. c. The current assets should be recorded at $102,000, and the noncurrent assets should be recorded at $153,000. d. An ordinary gain of $45,000 should be recorded P Company acquires all of the voting stock of S Company for $930,000 cash. The book values of S Company's assets are $800,000, but the fair values are $840,000 because land has a fair value above its book value. Goodwill from the combination is computed as: a. $130,000. b. $90,000. c. $40,000. d. $0