Question
O a $56,500. b. $69,000 Oc. $80,000 O d. $74,000. QUESTION 6 Husky Company's 12/31/22 balance sheet reports assets of $6,000,000 and liabilities of
O a $56,500. b. $69,000 Oc. $80,000 O d. $74,000. QUESTION 6 Husky Company's 12/31/22 balance sheet reports assets of $6,000,000 and liabilities of $3,000,000 All of Husky's assets book values approximate their fair value, except for inventory, which has a fair value that is $300,000 greater than its book value. On 12/31/22, Horace Wimp Corporation purchased all of the outstanding stock of Husky Company paying $4,900,000. What amount of goodwill should Horace Wimp record as a result of this acquisition? O a. $0 O b.$300,000 O c. $1,600,000 Od. $1,000,000 QUESTION 7 The Bluth Company purchased Sudden Valley Developments Co in 2022. The Bluth Company was able to acquire Sudden Valley Developments at a bargain price. The sum of the market or appraised value of identifiable assets acquired less the fair value of liabilities assumed exceeded the Bidh Company is to report the amount as 3.33 points Seve Answer 3.33 points Saved
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