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Pro-tech Software acquired all of the outstanding stock of Reliable Software for $20 million. The book value of Reliable's net assets (assets minus liabilities)
Pro-tech Software acquired all of the outstanding stock of Reliable Software for $20 million. The book value of Reliable's net assets (assets minus liabilities) was $8.9 million. The fair values of Reliable's assets and liabilities equaled their book values with the exception of certain intangible assets whose fair values exceeded book values by $3.1 million. Calculate the amount paid for goodwill. Note: Enter your answers in dollars not in millions of dollars. Goodwill
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