AB is a private not-for-profit organization. It acquires YZ, another private not-for-profit organization. The acquisition value is $1 million. YZ has net assets with a book value of $600,000 but a fair value of $700,000. Officials for AB expect that YZ will be predominantly supported by contributions in the future. After the acquisition, what amount of goodwill will be reportedon the combined balance sheet?
a. $–0–.
b. $100,000.
c. $300,000.
d. $400,000.
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