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On July 1,20X9,Playa Corporation Paid $340,000 for All of Seashore

Question 55

Multiple Choice

On July 1,20X9,Playa Corporation paid $340,000 for all of Seashore Company's outstanding common stock.On that date,the costs and fair values of Seashore's recorded assets and liabilities were as follows:
On July 1,20X9,Playa Corporation paid $340,000 for all of Seashore Company's outstanding common stock.On that date,the costs and fair values of Seashore's recorded assets and liabilities were as follows: -Based on the preceding information,what amount should be allocated to goodwill in the consolidated balance sheet,prepared after this business combination? A) $0 B) $25,000 C) $70,000 D) $45,000
-Based on the preceding information,what amount should be allocated to goodwill in the consolidated balance sheet,prepared after this business combination?


A) $0
B) $25,000
C) $70,000
D) $45,000

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