Solution-What is the amount of goodwill that will be

What is the amount of goodwill that will be recorded

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Reference no: EM132750341

Question - On July 1, 2009, Ute Corporation paid $640,000 for 80% of Cougar Company's outstanding common stock. On that date, the costs and fair values of Cougar's recorded assets and liabilities were as follows:

	Cost	Fair Value
Cash and Receivables	50,000	50,000
Inventory	230,000	300,000
Buildings and equipment (net)	200,000	350,000
Liabilities	(80,000)	(120,000)
Net assets	400,000	580,000

Required - Give the information above, what is the amount of goodwill that will be recorded?

Reference no: EM132750341

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What is the amount of goodwill that will be recorded : On July 1, 2009, Ute Corporation paid $640,000 for 80% of Cougar Company's outstanding common stock. What is the amount of goodwill that will be recorded

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What is the amount of goodwill that will be recorded

Reference no: EM132750341

Reference no: EM132750341

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