Pro-tech Software acquired all of the outstanding stock of Reliable Software for $17 million. The book...
Pro-tech Software acquired all of the outstanding stock of
Reliable Software for $17 million. The book value of Reliable’s net
assets (assets minus liabilities) was $9.4 million. The fair values
of Reliable’s assets and liabilities equaled their book values with
the exception of certain intangible assets whose fair values
exceeded book values by $4.2 million.
Calculate the amount paid for goodwill.
(Enter your answer in whole
dollars.)
Homework Answers
|
Amount paid for goodwill = Consideration paid - Fair value of net assets = 17,000,000 - (9,400,000+4,200,000) = 3,400,000 Comment if you face any issues |
|
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Pro-tech Software acquired all of the outstanding stock of
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