Question 1 Incorrect Mark 0.00 out of 10.00 P Flag question Compute the amount of acquired Goodwill Assume that you are charged with assigning fair values related to a $2,100,000 acquisition. You assemble the following information relating to the acquiree's assets and liabilities: Account Book Value Fair Value Cash $120,000 $120,000 Accounts receivable 255,000 204,000 Inventories 285,000 303,000 Property plant and equipment(PPE) 900,000 1,125,000 Current liabilities (339,000) (339,000) Accrued liabilities (393,000) (393,000) $798,000 $1,020,000 Unrecorded asset: 594,000 $1,614,000 Patent How much Goodwill will you record in this acquisition? $ 290,000 x Check