Question: is the answer A or B * This amount represents the totalet fair value of Subsidiary (a.k.a., FMV-S). THUS use this amount when calculating Goodwill

is the answer A or B
is the answer A or B * This amount represents the totalet

* This amount represents the totalet fair value of Subsidiary (a.k.a., FMV-S). THUS use this amount when calculating Goodwill or Bargain Purchase Gain. PART 1: Assume that Subsidiary is not dissolved and assume that Parent paid $655,000 cash for all of Subsidiary's outstanding common stock. REQUIRED: Circle the best answer below with respect to the joumal entry required on Subsidiary's books, if applicable. A. SUBSIDIARY'S BOOKS ARE "PERMANENTLY" CLOSED B. NO ENTRY REQUIRED ON SUBSIDIARY'S BOOKS

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