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Sheridan Corporation acquired all outstanding shares of Carla Vista Ltd. for $2.24 million. Selected information relating to Carla Vista was as follows: Fair value

Sheridan Corporation acquired all outstanding shares of Carla Vista Ltd. for $2.24 million. Selected information relating to Carla Vista was as follows: Fair value of identifiable net assets: $2.14 million Book value of identifiable net assets: $1.79 million Cash balance: $0.21 million Sheridan will recognize goodwill of $0.10 million. $1.17 million. $1.58 million. $2.24 million.

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