Juliana Corporation purchased all of the outstanding stock of Caldwell Incorporated, paying $3,300,000 cash. Juliana...
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Accounting
Juliana Corporation purchased all of the outstanding stock of Caldwell Incorporated, paying $3,300,000 cash. Juliana assumed all of the liabilities of Caldwell. Book values and fair values of acquired assets and liabilities were:
Book Value
Fair Value
Current assets (net)
$ 250,000
$ 530,000
Property, plant, & equpiment (net)
1,540,000
2,240,000
Liabilities
320,000
750,000
Juliana would record goodwill of:
Multiple Choice
$1,980,000.
$5,120,000.
$1,280,000.
$430,000.
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