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On June 1, 200X, Post Co. paid $ 760,000 cash

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Question;On June 1, 200X, Post Co. paid $ 760,000 cash for all of the issued and outstanding common stock of Ben Corp. The carrying values for Ben?s assets and liabilities on June 1 follow:Cash 250,000Accounts Receivable 180,000Capitalized Software 320,000Liabilities (130,000)On June 1, 200X, Ben?s accounts receivable had a fair value of $ 140,000. Additionally, Ben?s capitalized software costs were estimated to have a fair value of $ 200,000 and liabilities were valued at $30,000. All other items were stated at their fair values. On Post?s June 1 consolidated balance sheet, how much is reported for goodwill?

 

Paper#41611 | Written in 18-Jul-2015

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