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Pesto Company paid $8 per share to acquire 80% of Sauce Company's 100,000 outstanding shares. At the acquisition, the fair value of Sauce's Total

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Pesto Company paid $8 per share to acquire 80% of Sauce Company's 100,000 outstanding shares. At the acquisition, the fair value of Sauce's Total assets $1,000,000 and the fair value of Sauce's total liabilities was $150,000. Required: use the above information to answer the following (matching) questions: The acquisition price is [Choose ] The Implied Value used to compute [Choose ] goodwill is The Goodwill/Gain from acquisition is [Choose ] The fair value of NET assets of Sauce Company at the acquisition date was [Choose ]

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