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Par Inc purchased all of the outstanding common shares of Sub Corp for cash of $674,055. On the date of acquisition, Sub's assets included $1,685,069
Par Inc purchased all of the outstanding common shares of Sub Corp for cash of $674,055. On the date of acquisition, Sub's assets included $1,685,069 of inventory and land with a book value of $ 101,074. Sub also had $1,179,567 in fiabilities on that date. Sub's book values were equal to their fair market values, with the exception of the company's land, which was estimated to have a fair market value $42,131 higher than its book value. How much goodwill will be created by Par's acquisition of Sub? O a. $23,447 O b. $24,714 Oc. $24,091 O d. $22,813 O e. $25,348
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