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What amount of goodwill should Egbert record

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Question - Ivanhoe Company's 12/31/21 balance sheet reports assets of $12100000 and liabilities of $5020000. All of Ivanhoe's assets' book values approximate their fair value, except for land, which has a fair value that is $820000 greater than its book value. On 12/31/21, Egbert Corporation paid $12254000 to acquire Ivanhoe. What amount of goodwill should Egbert record as a result of this purchase?

a. $0

b. $5174000

c. $154000

d. $4354000

Reference no: EM132631936

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