On April 1, 2010, Parrish Company purchased 90% of the outstanding voting common stock of Hamilton Corporation for $400,000. At that date the fair market value of Hamilton's assets less liabilities was $200,000. What amount, if any, of goodwill must Parrish recognize in its consolidated balance sheet on December 31, 2010? Show your work.

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The Answer of On April 1, 2010, Parrish Company purchased 90% of the outstanding voting common stock of Hamilton Corporation for $400,000. At that date the fair market value of Hamilton's assets less liabilities was $200,000. What amount, if any, of goodwill must Parrish recognize in its consolidated balance sheet on December 31, 2010? Show your work.

On April 1, 2010, Parrish Company Purchased 90% of the Outstanding