On january 1 2015 the shaw corporation purchased 60 of the, Ask an Expert

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On January 1, 2015, the Shaw Corporation purchased 60% of the Ward Company's voting stock for $950,000. Ward's total assets had a book value of $1,400,000 and Ward's liabilities were reported at $190,000; the fair value of Ward's equipment was $200,000 greater than its book value. Shaw's assets immediately after the acquisition of Ward totaled 3,750,000 and liabilities were reported at $225,000.

Assuming that Shaw used the acquisition method, what is the amount of goodwill reported on its consolidated balance sheet?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92648248

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