QUESTION 1 A company acquires the stock of another company. The fair value of the acquired company's identifiable net assets is $5,000,000. The acquisition transaction includes the following: $5,000,000 in cash paid to the former owners of the acquired company 150,000 new shares of stock with a market value $45/share. Registration fees, paid in cash, were $1,000,000. $4,000,000 in cash paid to the underwriter for consulting services Earnings contingency with an expected present value of $3,000,000 at the date of acquisition In the journal entry to record this acquisition, Goodwill should be debited for: a. $9,750,000 Ob.0 Oc. $10,750,000 Od. $14,750,000