Sunshine NFP, a not-for-profit entity, gains control over Dancing Bears NFP, another not-for-profit. The acquisition value of

Question:

Sunshine NFP, a not-for-profit entity, gains control over Dancing Bears NFP, another not-for-profit. The acquisition value of Dancing Bears is $2.3 million, but all of its identifiable assets and liabilities have a total fair value of only $2.1 million. What recording is made of the $200,000 difference?

Fantastic news! We've Found the answer you've been seeking!