A Inc. acquires 100% of B Inc for $130,000. The book value of B Inc. total equity at the time was $110,000. Assuming that the market value of B Inc's fixed assets exceeded book value by $15,000 and $10,000 of identifiable intangible assets were included as part of the purchase, how much would be reported as goodwill on the initial consolidated balance sheet?© BrainMass Inc. brainmass.com June 4, 2020, 3:23 am ad1c9bdddf
The purchase price for 100% is 130,000 and the market value of the ...
This solution explains how much would be reported as goodwill on the initial consolidation balance sheet for A Inc.