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urgent please!! DATA FOR 8 & 9: On July 1, 2015, Cruz Corporation paid $320,000 for all of Marek Company's outstanding common stock. On that
urgent please!! DATA FOR 8 & 9: On July 1, 2015, Cruz Corporation paid $320,000 for all of Marek Company's outstanding common stock. On that date, costs and fair values of Marek's recorded assets and liabilities were as follows: Cash and Receivables Inventory Buildings and Equipment (Net) Land Liabilities Net Assets * COST FAIR VALUE $ 50,000 $ 50.000 80,000 95,000 120,000 125,000 100,000 135,000 (100.000) (100.000) $250.000 $305.000 9 Based on the preceding information, what amount should be allocated to goodwill in the consolidated balance sheet, prepared after this business combination? a $15.000 b. $55,000 c. $70,000 d. None of the above For consolidation purposes intercompany receivables and payables are a fully eliminated b. partially eliminated never eliminated answer a orb 10 d me Porn Cominny squired 80 percent ownership of Subsidiary Corporation, sition was equal
urgent please!!
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