Question

Raider Co. recently acquired all of Lost Arc, Inc.’s net assets in a business acquisition. The cash purchase price was $6.3 million. Lost Arc, Inc.’s assets and liabilities had the following appraised values immediately prior to the acquisition: land, $1.2 million; buildings, $2.9 million; inventory, $1.7 million; long-term notes payable, for which Raider Co. assumes payment responsibilities, $1.0 million.

Required:
How much goodwill will result from this transaction?



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  • CreatedOctober 05, 2013
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