Solution-How much should be reported as goodwill

How much should be reported as goodwill

Reference no: EM132525062

Question - Courageous Company (parent) paid $1,890,000 for 80% of the outstanding voting shares of Compassionate Company (subsidiary). On the day of acquisition, Compassionate Company had the following assets and liabilities:

	Book Value	Fair Value
Current Asset	975,000	975,000
Non-Current Asset	1,155,000	1,365,000
Current Liabilities	(210,000)	(210,000)
Non-Current Liabilities	(450,000)	(450,000)

Required - How much should be reported as Goodwill - Partial as a result of the shares acquisition?

Reference no: EM132525062

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How much should be reported as goodwill : Courageous Company (parent) paid $1,890,000 for 80% of the outstanding voting shares of Compassionate Company. How much should be reported as Goodwill

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How much should be reported as goodwill

Reference no: EM132525062

Reference no: EM132525062

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