Question 48 (3 points) P Co. acquired 80% of the common stock of S Corp. for $1,600,000. The fair value of S' net assets was $1,850,000, and the book value was $1,500,000. The non-controlling interest shares of S are not actively traded. What is the total amount of goodwill recognized at the date of acquisition? $120,000 $250,000 O $170,000 O O O $150.000 $0 Previous Page Next Page Page 48 of 55