Question
QUESTION 20 Acquiring Company pays $35 million for all of the outstanding stock in Target Company. The fair market value of Target Companys tangible assets
QUESTION 20
Acquiring Company pays $35 million for all of the outstanding stock in Target Company. The fair market value of Target Companys tangible assets is $15.00 million and the fair market value of its intangible assets is $10 million. The fair market value of assumed liabilities is $5 million. What is the value of goodwill (in millions) that must be shown on the balance sheet of the combined companies?
| a. | $15 | |
| b. | $20 | |
| c. | $10 | |
| d. | $5 | |
| e. | $0 |
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Bitcoin Technical Innovations From The Trenches
Authors: Sjors Provoost
1st Edition
9090360425, 978-9090360423
