Refer to Quail Company.

Compute for the goodwill using the fair value method.

Compute for the goodwill using the proportionate interest method.

Q Search X AE212 . .+ market value of each common stock is $100 on the date of acquisition. At the time of the purchase, Commo has the following balance sheet: [) Assignments General (2 Points) . REC A Calendar Assets Liabilities and Equity Accounts receivable $ 300,000 Current liabilities $ 250,000 200,000 Call Inventory . . . . . . . .. ... 200,000 Bonds payable . . .. . Property, plant, and equipment Common stock ($5 par) .. 200,000 (net) . . . . ... . . 500,000 Files Paid-in capital in excess of par . . . 300,000 Computer software 125,000 Retained earnings . 175,000 . . Total assets. . $1,125,000 Total liabilities and equity . . ... $1,125,000 Appraisals indicate that the following fair values for the assets and liabilities should be acknowledged: Accounts receivable $300,000 Inventory . .. . .. 215,000 Property, plant, and equipment. 700,000 Computer software 130,000 Apps Current liabilities 250,000 (?) Bonds payable 210,000 Help L P A J O ()) ENG 12:41 pm X 27/01/2021