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Question 3 (15 points) Assume that Para Company acquires all the net assets of Sardinia Company for $325,000 when the fair value of Sardinia's net

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Question 3 (15 points) Assume that Para Company acquires all the net assets of Sardinia Company for $325,000 when the fair value of Sardinia's net identifiable assets is $280,000 and the book values of Sardinia's net assets is $265,000. a. How much is the total differential? (5 points) b. How much is the goodwill? (5 points) c. How much is the excess value? (5 points)

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