Woods Company has a building worth $800,000.Because of recent losses,the company has a net operating loss carryforward of $150,000.The tax rate is 30%.The company was acquired for $1,000,000.It is likely the benefit will be realized.Compute the goodwill realized in consolidation.

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The Answer of Woods Company has a building worth $800,000.Because of recent losses,the company has a net operating loss carryforward of $150,000.The tax rate is 30%.The company was acquired for $1,000,000.It is likely the benefit will be realized.Compute the goodwill realized in consolidation.

Woods Company Has a Building Worth $800,000