On February 5,Pryor Corporation paid $1,600,000 for all the issued and outstanding common stock of Shaw,Inc.,in a transaction properly accounted for as an acquisition.The book values and fair values of Shaw's assets and liabilities on February 5 were as follows: What is the amount of goodwill resulting from the business combination?

Question

On February 5,Pryor Corporation paid $1,600,000 for all the issued and outstanding common stock of Shaw,Inc.,in a transaction properly accounted for as an acquisition.The book values and fair values of Shaw's assets and liabilities on February 5 were as follows:  What is the amount of goodwill resulting from the business combination?

Quizplus · Accepted Answer

The Answer is D

On February 5,Pryor Corporation Paid $1,600,000 for All the Issued