Paris,IncHolds 100 Percent of the Common Stock of Stockholm Company,an

Multiple Choice

Paris,Inc.holds 100 percent of the common stock of Stockholm Company,an investment acquired for $520,000.Immediately following the combination,Paris's net assets have a book value of $900,000 and a fair value of $1,050,000.The book and fair value of Stockholm's net assets on the date of combination are $350,000 and $425,000,respectively.Immediately following the combination,a consolidated balance sheet is prepared.
-Based on the information given above,goodwill will be reported at what amount in a consolidated balance sheet?

A) $170,000
B) $150,000
C) $95,000
D) $75,000