(Answered) Question - assume that bullen issued 12000 shares of common

Accounting

Question - Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value to obtain all of Vicker's outstanding stock. In this transaction (which is not a pooling of interests), how much goodwill should be recognized?

A. $144,000

B. $104,000

C. $64,000

D. $60,000

E. $0

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