Class 6 Breakout Room 2: Select the relevant data Calculation Assets from the schedule below to compute Goodwill. of Purchase Acquire Price per ASC 805 and ASC 820 Cash paid to shareholders of target company $300,000,000 Fair Value of Contingency payment 20% probability to be paid to target shareholders $75,000,000 Fair Value Long Term Liabilities $65,000,000 Fair Value Short Term Liabilities due in less than one year $10,000,000 Carrying Value (Book Value) of Stockholders Equity on Balance Sheet of Target $14,000,000 Fees to Attorneys $500,000 Fair Value of Lawsuit against target by 3rd party with 30% Probability of loss $27,000,000 Fees to Investment Bankers $2,000,000 Fair Value of "Pre Acquisition" Stock Options held by employees from employment before o $30,000,000 Fair Value of Stock Options provided to retain employees after deal closing $8,000,000 Fees to Accountants for Deal "Due Diligence" $200,000 Fees to Auditors for ASC 805& 820 matters $100,000 Cash and current assets $50,000,000 Carrying Value (Book Value) of Assets on Balance Sheet of Target $89,000,000 Fair Value of Investments $18,000,000 Laboratory equipment and computers $55,000,000 Buildings and improvements $30,000,000 Tradenames $10,000,000 Non patented technology $70,000,000 Patented technology $11,000,000 Assembled Workforce / Employee Workforce $17,000,000 Land $3,000,000 Non Compete Agreements $7,000,000 Fair Value of "In Process Research Development' $12,000,000 Residual GoodwillQuest ion On September 1, 20xx, w acquired A for a cash payment of $900,000. At the time of purchase, A's balance sheet showed assets of $620,000, liabilities of $200,000, and owners' equity of $420,000. The fair value of A's tangible and intangible assets is estimated to be $800,000. The fair value of liabilities is, in this instance, assumed to be equal to the carrying value. Compute the amount of goodwill acquired by W Payments for the equity Owners Equty Debt assumed Carrying Value of Assets Fair value of tangible and intangible assets Calculation of Goodwill value 900000 420000 200000 620000 800000 Calculations