OBX Corp acquires TMR Corporation for the following purchase price: $ 250,000 TMR's identified net assets include: 

Fair Value Accounts Receivable $ 180,000 

Allowance for Doubtful Accounts $ 70,000 

Inventory $ 260,000 

Land $ 540,000 

Notes Payable $ 630,000 

TMR also had a patentable technology developed internally which it had calculated cost for: $ 45,000

What is the amount of Goodwill or Bargain Purchase recognized on this transaction? Enter the amount as a positive value for Goodwill or as a negative value for Bargain Purchase or Zero for neither.

Answer rating: 100% (QA)

Net Accounts Receivable 110000 18000070000 Inventory ... View the full answer