Pursuing an inorganic growth strategy,Wilson Company acquired Venus Company's net assets and assigned them to four separate reporting divisions.Wilson assigned total goodwill of $134,000 to the four reporting divisions as given below:

-Based on the preceding information,what amount of goodwill will be reported for Beta at year-end?

Question

Pursuing an inorganic growth strategy,Wilson Company acquired Venus Company's net assets and assigned them to four separate reporting divisions.Wilson assigned total goodwill of $134,000 to the four reporting divisions as given below:
 
-Based on the preceding information,what amount of goodwill will be reported for Beta at year-end?

Quizplus · Accepted Answer

The total goodwill assigned to the four reporting divisions is $134,000. To determine the amount of goodwill assigned to Beta, we need to know the percentage of Venus Company's net assets assigned to Beta. This information is not provided in the question. Therefore, we cannot determine the exact amount of goodwill assigned to Beta. However, we do know that the amount of goodwill assigned to Beta will be less than or equal to $34,000 (which is 25% of $134,000). Therefore, the best choice is C, $34,000.

Pursuing an Inorganic Growth Strategy,Wilson Company Acquired Venus Company's Net