Dotel Company's 12\31\10 Statement of Financial Position Reports Assets of $6,000,000

Multiple Choice

Dotel Company's 12\31\10 statement of financial position reports assets of $6,000,000 and liabilities of $2,500,000.All of Dotel's assets' book values approximate their fair value, except for land, which has a fair value that is $400,000 greater than its book value.On 12\31\10, Egbert Corporation paid $6,100,000 to acquire Dotel.What amount of goodwill should Egbert record as a result of this purchase?

A) $ -0-
B) $ 100,000
C) $2,200,000
D) $2,600,000