Bramble Company's December 31, 2021 balance sheet reports assets of $13202000 and liabilities of $4286000. The book values of Bramble's assets approximate their fair values, except for land, which has a fair value $608000 greater than its book value. On December 31, 2021, Indigo Corporation paid $11781000 to acquire Bramble. What amount of goodwill should Indigo record as a result of this purchase? O $1649000 O $0 O $2865000 O $2257000

Bramble Company's December 31, 2021 balance sheet reports assets of $13202000 and liabilities of $4286000. The book values of Bramble's assets approximate their fair values, except for land, which has a fair value $608000 greater than its book value. On December 31, 2021, Indigo Corporation paid $11781000 to acquire Bramble. What amount of goodwill should Indigo record as a result of this purchase? O $1649000 O $0 O $2865000 O $2257000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 18E

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