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What is the amount of Sidners goodwill

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Question - Haloute Co. spends 18 million in cash to purchase 30% of the outstanding voting stock of Sidner Co. A. Provide Haloute's entry to record the purchase. B During the year following Haloute's investment, Sidner reports 1 million in Net Income and pays 500,000 in dividends. Provide Haloute's entries (if any) to account for these events. C. the fair values of Sidner's assets total 100 million, and the fair values of Sidner's liabilites total 50 million. What is the amount of Sidner's goodwill (if any) the Halout has purchased?

Reference no: EM132481897

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