Posted by: Pdfprep
Post Date: February 12, 2021
On 1 February 2011, Hopper Co acquired 480,000 of the 600,000 ordinary shares of Space Co at a price of $4・28 per share. At that date the book value of the net assets of Space Co was $2,356,920, and the fair value of land owned by Space Co exceeded the book value by $110,000.
Assuming that the full fair value method of valuation is used, what is the value of goodwill on acquisition?
A . $168,864
B . $211,080
C . $101,080
D . $80,864
Answer: C
Leave a Reply