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PC Company purchased all of the common stock of Silicon Company by issuing 2,000,000 shares of its $0.50 par value common stock, with a market
PC Company purchased all of the common stock of Silicon Company by issuing 2,000,000 shares of its $0.50 par value common stock, with a market value of $25/share. PC Company incurred $150,000 in registration and issuing costs, and $100,000 in consulting and legal fees, paid in cash. The book value of Silicon Company at the date of acquisition was as follows: Eliminating entry (R) includes a debit to goodwill for:
| A. | $44,100,000 |
| B. | $44,200,000 |
| C. | $47,000,000 |
| D. | $47,250,000 |
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