XY Company decides to accept MN Corporations offer of $600,000. Required: a. Calculate the fair value of net assets. b. Calculate the value of goodwill

MN Corporation investigates XY's underlying assets to determine their fair values: Fair Values S307,500 Property, plant and equipment, net Patents 27,000 Inventories 183,000 Receivable 52,500 37,500 Cash Liabilities Fair value of net assets (82,500) S525,000