Question
With the following information create an allocation schedule. Show the excess of fair value over book value and the amount of goodwill. Jarret Corporation paid
With the following information create an allocation schedule. Show the excess of fair value over
book value and the amount of goodwill.
Jarret Corporation paid a total consideration of $900,000 for all stock in Connor Company.
Connor Company had a total book value of $690,000. Connor had the following assets with book
values and fair values.
Assets Book Value Fair Value
Equipment 200,000 250,000
Trademarks 150,000 210,000
Patents 150,000 220,000
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th Edition
978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018
