q35

Help Save & Exit 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: Multiple Choice $20,000 $3,600 $5,000 $23,600