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Use the Following Information to Answer Bellow Questions Note: the Above Intangibles May or May Not All Meet

Question 90

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Use the following information to answer bellow Questions. Each question is independent.
Arnprior Corporation acquires all of the assets and liabilities of Bracebridge Company. The fair values of Bracebridge's reported assets and liabilities are estimated to be as follows at the date of acquisition:
 Fair Value  Tangible assets $1,650 Liabilities (1,450) Arnprior determines that Bracebridge has not recorded the following intangible assets on its books:  Fair Value  Customer lists $300 Brand names 140 Skilled workforce 400\begin{array}{l}\begin{array} { | l | c | } \hline & \text { Fair Value } \\\hline \text { Tangible assets } & \$ 1,650 \\\hline \text { Liabilities } & ( 1,450 ) \\\hline\end{array}\\\text { Arnprior determines that Bracebridge has not recorded the following intangible assets on its books: }\\\begin{array} { | l | c | } \hline & \text { Fair Value } \\\hline \text { Customer lists } & \$ 300 \\\hline \text { Brand names } & 140 \\\hline \text { Skilled workforce } & 400 \\\hline\end{array}\end{array} Note: The above intangibles may or may not all meet the standards for capitalization as identifiable intangible assets.
-Arnprior pays $4,000 in cash to buy Bracebridge.
Required
a. How much in previously unreported intangibles will Arnprior report?
b. What is the fair value of identifiable net assets acquired?
c. How much goodwill does Arnprior report?

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a. $300 + $140 = $44...

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