What is the implied goodwill for Salter based on Pardy’s purchase price for Salter on January 1, 2014?
A. $ 0
B. $ 35,000
C. $ 70,000
D. $100,000
Answer:D
What is the implied goodwill for Salter based on Pardy’s purchase price for Salter on January 1, 2014?
A. $ 0 B. $ 35,000 C. $ 70,000 D. $100,000
Explanation: D) Stockholders’ equity $11,000,000