Reference no: EM131219318
Show your calculation) On February 5, Pryor Corporation paid $1,750,000 for all the issued and outstanding common stock of Sean, Inc., in a transaction properly accounted for as an asset acquisition. The book values and fair values of Sean's net assets on February 5 were as follows
Book Value Fair Value
Cash $ 160,000 $ 160,000
Receivables (net) 180,000 180,000
Inventory 315,000 300,000
Plant and equipment (net) 820,000 1,020,000
Liabilities (350,000) (350,000)
Net assets $1,125,000 $1,310,000
Calculate the amount of goodwill resulting from the business combination?
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Amount of goodwill resulting from the business combination
: Show your calculation) On February 5, Pryor Corporation paid $1,750,000 for all the issued and outstanding common stock of Sean, Inc., in a transaction properly accounted for as an asset acquisition. Calculate the amount of goodwill resulting from th..
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