Question 17 Not yet answered Marked out of 1.00 Flag question Time left 1:04:17 On February 28, 2020, Alpha Corporation acquired 90% of the outstanding common stock of Bita Company for $500,000 cash. Out-of-pocket costs of the business combination paid byAlpha on February 28, 2020, were in the form of Finder's and legal fees relating to business combination $50,000 and Costs associated with SEC registration statement $10,000, only the fair value of plant assets exceeds its carrying amount by $90,000, net assets of Bita $400,000. The amount of goodwill is: O a. $70,000. O b. $20,000 c. 68,000 O d. $118,000. Previous page Next page