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What is the total amount of goodwill recognized

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Question - Ambleo acquired 80% of the 200,000 shares of common stock of Rood Corp. for $2,500,000. The fair value of Root's net assets was $1,850,000, and the book value was $1,500,000. The non-controlling interest shares of Root Corp. were actively traded at $5. What is the total amount of goodwill recognized at the date of acquisition?

a. $650,000

b. $1,625,000

c. $1,200,000

d. $1,275,000

e. $850,000

Reference no: EM132525164

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