Is there goodwill in this acquisition that can be recognized

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Question - XYZ Ltd acquires Space Ltd and pays the following Cash $100,000 Share: 100,000 Shares (the market price per share is $1.00)

Bonds $50,000 maturity value; mature after 2 years, market value $48,000

At the time of acquisition Space Ltd's balance sheet shows total assets of $200,000 and total liabilities of $50,000. The fair value of the assets is $270,000

Required - Is there goodwill in this acquisition that can be recognized? And if so, how much. (Show your calculations)

Reference no: EM133073785

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