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On June 1, 2016. Stiler Co purchased Weslo by acquiring their news for a cash payment of 5310.000 and a note payable of $220,000 Below
On June 1, 2016. Stiler Co purchased Weslo by acquiring their news for a cash payment of 5310.000 and a note payable of $220,000 Below is the balance there on Peton date and the corresponder met het values Cai 15 000 Ave 515,000 110 110.000 bry 3600 0.00 Lana TODO 0.000 ng ret of $12.000 octed pectos) 140 o 145,000 Machine 14000 proton 145 000 127,000 Patende net of $25.000 multed amon 10.000 10.000 TA ASOCCO 034.000 Liabiliana Sharoidery con payat 1945,000 $245.000 Carmen Shares 405,000 $650,000 Enter an appropriate description when entering the transactions in the purw. Dates must be entered in the format ddimme. January 16 would be 15/Jan). Please make sure your finale are accurate to 2 decimal places (a) Record the June 1, 2015 entry for Stiller Co (b) On December 31, 2015, Shilar Cotests its goodwill for impairment. It is determined that the fair value of goodwill is now $20,000. Record any necessary entries on that ante. D (c) Assume that instead of paying a total of $530,000 for the acquisition, the only payment required by Siller Co. was $310,000 cash. After a reassessment of all the variables, values and measu procedures, how would stiller Co. classify the bargain purchase (or "negative goodwill)? Ser Camino
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