CVN corp purchased CK corp for $200,000 cash. As part of the deal, CVN agreed to assume CK's debt, which CK had recorded with a book value of $30,000. CVN received all of CK's assets, which CV had recorded with a total book value $165,000. CVN had hired valuation experts who said the fair value of the debt was $32,000 and the fair value of the assets was $180,000. 

How much (if any) goodwill would CVN place on their books for this transaction?

Answer rating: 100% (QA)

Goodwill is an accounting concept that represents the excess of the purchase price paid for an a... View the full answer