On January 1, 2021, Acquisition Corporation acquired Target Corporation by purchasing 100% of the stock of Target in exchange for 20,000 shares of Acquisition Corporation Stock. No cash or other boot consideration was provided to the selling shareholders. On that date, Acquisition's stock was trading on the New York Stock Exchange for $18 per share on the stock exchange. Therefore, the total consideration paid for the investment in Target is $360,000. The fair market value of Target Corporation's inventory is $10,000 higher than the book value. Goodwill calculation for transactions that use stock = Investment value of investment acquired LESS Fair Value of Net Assets