Multiple Choice
Parco pays $1 000 000 for all of Subco's common shares. Subco's net assets are carried on Subco's books for $900 000 and have a fair value of $950 000. What is Parco's goodwill on consolidation?
A) $50 000
B) $100 000
C) Zero
D) Cannot be determined from the information given.
Correct Answer:
Verified
Correct Answer:
Verified
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