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Sholdn't both B and D be correct?
user-506 - 02/4/2019, 6:35 pm

Goodwill is not Amortized. (tested for impairment)

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user-9814 - 03/2/2019, 3:59 pm
AUD REG FAR

There is no goodwill in this problem, there is a gain since the purchase price was less than the FV of net assets acquired.

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user-9814 - 03/2/2019, 4:00 pm
AUD REG FAR

There is no goodwill in this problem since the purchase price was less than the FV of assets acquired. Instead, the acquiring company would recognize a gain for the difference.

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