What amount should trudata report as goodwill

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Reference no: EM133904151

Problem

On July 1, TruData Company issues 10,600 shares of its common stock with a $5 par value and a $40 fair value in exchange for all of Webstat Company's outstanding voting shares. Webstat's precombination book and fair values are shown along with book values for TruData's accounts as follows: Items TruData Book Values Webstat Book Values Webstat Fair Values Revenues (1/1 to 7/1) $ (321,200) $ (138,000) 0 Expenses (1/1 to 7/1) 194,000 76,000 0 Retained earnings, 1/1 (136,000) (156,000) 0 Cash and receivables 188,000 54,000 $ 54,000 Inventory 182,000 158,000 172,000 Patented technology (net) 242,000 188,000 216,000 Land 400,000 216,000 220,000 Buildings and equipment (net) 108,000 84,000 84,000 Liabilities (536,000) (380,000) (352,000) Common stock (312,000) (66,000) 0. Get the instant assignment help. Additional paid-in capital (8,800) (36,000) 0 On its acquisition-date consolidated balance sheet, what amount should TruData report as goodwill?

Reference no: EM133904151

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