Question: Shareholders Equity , 2 2 0 , 0 0 0 The fair value of the plant and equipment was $ 6 0 , 0 0

Shareholders Equity

, 220, 000

The fair value of the plant and equipment was $

60, 000

more than its recorded carrying amount. The fair value and carrying amounts were equal for all other assets and liabilities. What amount of goodwill related to Star's acquisition should Penn report on its consolidated balance sheet under U

.

.

GAAP?

.

20, 000

.

40, 000

.

90, 000

.

120, 000

Shareholders Equity , 2 2 0 , 0 0 0 The fair

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