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On June 1, Cline Co. paid $956,500 cash for all of the issued and outstanding common stock of Renn Corp. The carrying amounts for Renn's

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On June 1, Cline Co. paid $956,500 cash for all of the issued and outstanding common stock of Renn Corp. The carrying amounts for Renn's assets and fiabilities on June 1 follow: On June 1, Renn's accounts receivable had a fair value of $146.000. Additionally, Renn's in-process reseorch and deveioprrent was estimated to have a fait value of $233,000. Alt other inems were stated at their fair values. On Cline's June 1 consolidated balance sheet, how much is reparted for goodmill? Mutpe Choce $356.000 $19,000 5193,500

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