Question: Java Dreams which is located in Madison, Wisconsin is about to be taken over by One Mean Bean. Java Dreams shows assets of $86,400

Java Dreams which is located in Madison, Wisconsin is about to be

Java Dreams which is located in Madison, Wisconsin is about to be taken over by One Mean Bean. Java Dreams shows assets of $86,400 and liabilities of $15,000. The fair value of the assets is $90,000 and the fair value of its liabilities is $15,000. One Mean Bean paid Java Dreams $95,000 to acquire all of its assets and liabilities. One Mean Bean should record goodwill on this purchase as:

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