On July 1,20X9,Playa Corporation paid $340,000 for all of Seashore Company's outstanding common stock.On that date,the costs and fair values of Seashore's recorded assets and liabilities were as follows:

-Based on the preceding information,what amount should be allocated to goodwill in the consolidated balance sheet,prepared after this business combination?
A)$0
B)$25,000
C)$70,000
D)$45,000

Question

On July 1,20X9,Playa Corporation paid $340,000 for all of Seashore Company's outstanding common stock.On that date,the costs and fair values of Seashore's recorded assets and liabilities were as follows:
 
-Based on the preceding information,what amount should be allocated to goodwill in the consolidated balance sheet,prepared after this business combination?
A)$0 
B)$25,000 
C)$70,000 
D)$45,000

Quizplus · Accepted Answer

The Answer of On July 1,20X9,Playa Corporation paid $340,000 for all of Seashore Company's outstanding common stock.On that date,the costs and fair values of Seashore's recorded assets and liabilities were as follows:
 
-Based on the preceding information,what amount should be allocated to goodwill in the consolidated balance sheet,prepared after this business combination?
A)$0 
B)$25,000 
C)$70,000 
D)$45,000

On July 1,20X9,Playa Corporation Paid $340,000 for All of Seashore