Question

Rauscher, Corp., aggressively acquired other companies. Assume that Rauscher, Corp., purchased Lancer, Inc., for $12 million cash. The market value of Lancer’s assets is $14 million, and it has liabilities with a market value of $3.5 million.

Requirements
1. Compute the cost of goodwill purchased by Rauscher, Corp.
2. Record the purchase of Lancer, Inc., by Rauscher, Corp.



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  • CreatedApril 29, 2014
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