How much goodwill was allocated to gerrer

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Question - Gerrer purchased 75% of Acer for $1,500,000. The FV of the remaining 25% was $420,000. The book value of the net assets of Acer on the date of acquisition was $1,200,000 and the fair value was $1,350,000. How much goodwill was allocated to Gerrer?

A) $700,000

B) $427,500

C) $487,500

D) $412,500

E) $600,000

Reference no: EM132619322

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