Montana Company reports its net assets at a book value of $150,000.Recent investigation revealed that the net assets had a market value of $175,000.In addition, Montana had been offered $220,000 for the net assets by a company named Supply.Com.What is the amount of goodwill that should be recorded by Montana Co.?
A) $0
B) $45,000
C) $25,000
D) $70,000
E) $220,000
Correct Answer:
Verified
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