Maxwell Industries paid $18 per share for 80 percent of the 10,000 outstanding shares of Kendall Hall.

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Maxwell Industries paid $18 per share for 80 percent of the 10,000 outstanding shares of Kendall Hall. The balance sheet of Kendall Hall and additional market value information fol¬ low. Compute the amounts of goodwill and minority interest recognized by Maxwell. Historical Cost FMV Current assets $125,000 Noncurrent assets 65,000 Liabilities 70,000 Stockholders’ equity 120,000 $ 150,000 80,000 70,0 00

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