Radcliff Corporation acquires Soulon Company's assets and liabilities for $20,000,000 in cash. At the date of acquisition, Soulon's reported assets have a fair value of $50,000,000 and its reported liabilities have a fair value of $47,000,000. Investigation reveals that Soulon has unreported technology with a fair value of $5,000,000. 

 

How much goodwill does Porter report on this acquisition? 

Answer rating: 100% (QA)

To calculate the goodwill reported on the acquisition we need to determine the excess of the purchas... View the full answer