Question
On 12/31/19, Mini Cooper decided to purchase 100% of WaterColor lnc for $100,000 so that it could change the color of the new 2020 mini
On 12/31/19, Mini Cooper decided to purchase 100% of WaterColor lnc for $100,000 so that it could change the color of the new 2020 mini coopers. The following info is from Watercolor Inc.s Financials: Balance Sheet as of 12/31/19: Total Assets = $24,000. Fair Value as of 12/31/19: Fair value of Net Assets = $45,000. What amount of Goodwill does Mini Cooper report on its books due to this transaction?
|
| $76,000 |
|
| $55,000 |
|
| $45,000 |
|
| $100,000
|
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Securitization The Process Of Homogenizing Financial Instruments Into Fungible Securities So That They Are Sellable On The Securities Market
Authors: Jean B Keating
1st Edition
979-8859072613
