Homework Answers
Dear student, as you have submitted multiple questions, I am answering here the first one.
solution:
the correct answer of the first question is Option e = $ 2,100,000
Explanation:
1. Goodwill = consideration paid - Value of Net Assets aquired
= $ 5,300,000 - $ 3,200,000
= $ 2,100,000
2. Calculation of Net Assets
Net Assets = Fair value of Assets - Liabilities
= $ ( 5,000,000 + 200,000 ) - $ 2,000,000
= $ 3,200,000
Finish.
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