微信扫一扫
实时资讯全掌握
| On June 30, year 2, Needle Corporation purchased for cash at $10 per share all 100,000 shares of the outstanding common stock of Thread Company. The total appraised value of identifiable assets less liabilities of Thread was $1,400,000 at June 30, year 2, including the appraised value of Thread’s property, plant, and equipment (its only noncurrent asset) of $250,000. The consolidated income statement of Needle Corporation and its wholly owned subsidiary for the year ended June 30, year 2, should reflect A. Goodwill of $400,000. B. A gain from bargain purchase of $400,000. C. Goodwill of $150,000. D. A deferred credit (negative goodwill) of $400,000. |