During 2014, Manning Corporation purchased 100% of the outstanding voting common stock shares of Brady Corporation for $4.0 million. Brady's assets had a book value of $5.0 million and fair value of $6.5 million. The book value as well as fair value of Brady's liabilities equaled $3.2 million. How much was paid for goodwill?
A) $0.
B) $2,200,000.
C)$700,000.
D)$1,000,000.

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The Answer of During 2014, Manning Corporation purchased 100% of the outstanding voting common stock shares of Brady Corporation for $4.0 million. Brady's assets had a book value of $5.0 million and fair value of $6.5 million. The book value as well as fair value of Brady's liabilities equaled $3.2 million. How much was paid for goodwill?
A) $0.
B) $2,200,000.
C)$700,000.
D)$1,000,000.

During 2014, Manning Corporation Purchased 100% of the Outstanding Voting