Harper Corp. has only three assets constituting its business: Carrying amount Fair value $ 165,000 $...

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Harper Corp. has only three assets constituting its business: Carrying amount Fair value $ 165,000 $ 225,000 1,050,000 1,050,000 1,350,000 Inventory Land 900,000 Buildings Kandon Inc. purchases Harper's assets by issuing 100,000 common shares with a market value of $30 per share. What is the amount of goodwill from this business combination? $525,000 Negative $525,000 $735,000 Nil Harper Corp. has only three assets constituting its business: Carrying amount Fair value $ 165,000 $ 225,000 1,050,000 1,050,000 1,350,000 Inventory Land 900,000 Buildings Kandon Inc. purchases Harper's assets by issuing 100,000 common shares with a market value of $30 per share. What is the amount of goodwill from this business combination? $525,000 Negative $525,000 $735,000 Nil

Answer rating: 100% (QA)

Goodwill Acquisition cost Fair value of net assets acquired 300000... View the full answer