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QUESTION 6 4 points Save Answer Dental Magic acquired Gold Crown's Inc on June 1, 2021, for a cash payment of $2,100,000 for the stock.
QUESTION 6 4 points Save Answer Dental Magic acquired Gold Crown's Inc on June 1, 2021, for a cash payment of $2,100,000 for the stock. At the time of purchase, Gold Crown's balance sheet showed assets of $610,420 and owners' equity of $405,900. The fair value and the carrying value of CurlyCue's liabilities was $204,520. Cash flow for the prior 12 months was $410,280. Appraisers provided a report indicating the fair value of the following categories of assets: Cash Land Buildings Machinery Non Patented Technology Patented Technology Customer Relationships 29,330 50,000 200,000 75,000 80,000 120,000 250,000 What is the amount of goodwill in the transaction
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