Pro-tech Software acquired all of the outstanding stock of Reliable Software for $16mlllion. The book...
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Accounting
Pro-tech Software acquired all of the outstanding stock of Reliable Software for $16mlllion. The book value of Rellable's net assets fassets minus liabilifies) wes $8.5 milion. The falf values of Recliable's assets and Habmitios equaled theif book values with the exreption of certain intangble assets whose fair values exceeded book values by $2.7milion. Calculate the amount paid for goodwill. (Enter your answer in whole dollars.)
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