oof5221
oof5221
14.11.2019 • 
Business

On january 1, 2016, lester company purchased 70% of stork corporation's $5 par common stock for $600,000. the book value of stork net assets was $640,000 at that time. the fair value of stork's identifiable net assets were the same as their book value except for equipment that was $40,000 in excess of the book value. in the january 1, 2016, consolidated balance sheet, goodwill would be reported at: a. $152,000. b. $177,143. c. $80,000. d. $0.

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