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How mindy will recognize goodwill of

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Babel Corporation acquired all outstanding shares of Connor Ltd. for $2.1 million. Selected information relating to Connor was as follows:

Fair value of identifiable net assets:      $2.0 million

Book value of identifiable net assets:      $1.6 million

Cash balance:                                    $0.1 million

Question 1: Mindy will recognize goodwill of

Option 1: $0.1 million.

Option 2: $1.1 million.

Option 3: $2.1 million.

Option 4: $1.5 million.

Reference no: EM132498528

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