Question: please help me with part 4 PART 4: Assume that S is not dissolved and assume that P paid $600,000 cash for all of the
please help me with part 4

PART 4: Assume that S is not dissolved and assume that P paid $600,000 cash for all of the net assets of S. Also, assume the pre-acquisition data provided on page one. REQUIRED: Record the journal entry or entries on P's books. (If no entry is required, indicate NO ENTRY REQUIRED.) NOTE: Pre-Acquisition data common to all parts is presented immediately below (unless stated otherwise). "This amount represents the totalyat fair value of S (a.k.a., FMV-S). THUS use this amount when calculating Goodwill or Bargain Purchase Gain
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