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How much goodwill will result from this transaction

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Raider Co. recently acquired all of Lost Arc, Inc.'s net assets in a business acquisition. The cash purchase price was $6.3 million. Lost Arc, Inc.'s assets and liabilities had the following appraised values immediately prior to the acquisition: land, $1.2 million; buildings, $2.9 million; inventory, $1.7 million; long term notes payable, for which Raider Co. assumes payment responsibilities, $1.0 million. 

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How much goodwill will result from this transaction?

Reference no: EM13911692

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