Business, 04.07.2020 21:01 NNopeNNopeNNope

On October 1, 20X3, Pole Corporation paid $450,000 for all of Stick Company's outstanding common stock. On that date, the book values and fair values of Stick's recorded assets and liabilities were as follows: Book Value Fair Value Cash and Receivables $75,000 $75,000 Inventory 155,000 160,000 Buildings and Equipment (net) 260,000 320,000 Liabilities (150,000 ) (150,000 ) Net Assets $340,000 $405,0001. Based on the preceding information, the differential implicit in this acquisition is:a. $0.b. $45,000.c. $65,000.d. $110,000.2. Based on the preceding information, what amount should be allocated to goodwill in the consolidated balance sheet prepared immediately after the combination?a. $110,000.b. $65,000.c. $45,000.d. $0.

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On October 1, 20X3, Pole Corporation paid $450,000 for all of Stick Company's outstanding common sto...

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