Business Combination with Goodwill
Business Combination with GoodwillMorton Co. paid cash of $ 178,000 to acquire Zink Company’s net assets on February 1, 2013. The balance sheet data for the two companies and fair value information for Zink immediately before the business combination were:Morton Corporation Zink CompanyBalance Sheet Item Book Value Book Value Fair ValueCash $ 240,000 $ 20,000 $ 20,000Accounts Receivable 140,000 35,000 35,
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27 Oct 2017