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Please help with the mulitple choice question and show work. Thank you 3 5 points Required information Use the following information to answer questions 16-19
Please help with the mulitple choice question and show work. Thank you
3 5 points Required information Use the following information to answer questions 16-19 (Algo) The following information applies to the questions displayed below.) On July 1. TruData Company issues 11,400 shares of its common stock with a $5 par value and a $40 fair value in exchange for all of Webstat Company's outstanding voting shares. Webstat's precombination book and fair values are shown below along with book values for TruData's accounts Skipped Book Print References Revenues (1/1 to 7/1) Expenses (1/1 to 7/1) Retained earnings, 1/1 Cash and receivables Inventory Patented technology (net) Land Buildings and equipment (net) Liabilities Common stock Additional paid-in capital Trubata Webstat Webstat Book Values Book Values Fair Values $ (285,000) $ (132,000) 190,000 74,000 (126,000) (162,000) 148,000 56,000 5 56,000 178,000 164,000 178,000 230,000 192,000 200,000 414,000 206,000 246,000 94,000 78,000 78,000 (520,000) (376,000) (346,000) (312,000) (60,000) (11,000) (40,000) Problem 2-16 (Algo) (LO 2-5, 2-9, 2-10) On its acquisition date consolidated balance sheet, what amount should TruData report as goodwill? 3 Multiple Choice 5 points Skipped $44,000 eBook Print References $136,000 O $0. $369,000 Step by Step Solution
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