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Business, 23.11.2019 05:31 alegora78

On december 1, year 3, wall co. paid $860,000 in cash for all of the outstanding stock of hart corp. the book valueof hart’s assets and liabilities were $800,000 and $180,000. the fair values were $840,000 and $140,000. during december, wall co spent an additional $80,000 to maintain "goodwill" in hart’s business by starting a customer loyalty program.
what amount should wall co report as goodwill related to hart in its 12/31/year3 balance sheet?

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On december 1, year 3, wall co. paid $860,000 in cash for all of the outstanding stock of hart corp....
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