Large purchased all of Small\'s voting stock for $11 million when Small\'s total owners\' equity was $4 million. The book value and market value of Small\'s liabilities equal $3 million. However, the market value of Small\'s total assets equals $9 million. What amount of goodwill is recorded by Large (in millions)?

a. $6

b. $2

c. $5

d. $7

Answer rating: 100% (QA)

market value of assets of small company 9 ... View the full answer