Q1.

Pagrim has acquired several other companies Assume that Pigrim purchased it for $9,000,000 cash. The book value of Kit's assets is $14,000,000 (market value, $15.000.000), and it has liabilities of $13.000.000 (market value $13,000,000) Requirements 1. Compute the cost of goodwill purchased by Pilgrim 2 Record the purchase of Kot by Pilgrim Requirement 1. Compute the cost of goodwill purchased by Pigm. Purchase price to acquire Kit Market value of it's awet Less: Market value of 's abilities Less: Market value of it's not assets Goodwill - 20 -120 Bom Reement 2. Record the purchase of K by Pig, Inc. Record debits first the credits Select the explanation on the last line of the journal entry table) Date Accounts and Explanation Debat Credit 24/20 Choose toman storierny Burbet in the moutes and then come question 20 Chapter 10 hetes O LG 112 710 F3 Badge Please answer the question in full if you know how to do it! Please allign the answers how the questions are so it's not confusing for me to figure out where it goes! Will give a thumbs up if the answer is correct! If you have trouble reading any of the images please let me know so I can post another picture