- Question 13 Not Yet Answered Marked Out Of 6 00 P Flag Question Stion 14 Goodwill Millennium Corporation Purchases Falco 1 (171.67 KiB) Viewed 26 times
Question 13 Not yet answered Marked out of 6.00 P Flag question stion 14 Goodwill Millennium Corporation purchases Falcon Inc. for $2.1 M. Falcon has the following assets all recorded at cost: Accounts receivable Inventory Land Building (net) Equipment (net) Total Assets Requirements: $ 125,000 350,000 1,500,000 350,000 50,000 The fair value of the assets is $2,350,000 and Millennium also assumes $650,000 of debt from Falcon. $2,375,0000 Determine if there is any goodwill related to Millennium's purchase of Falcon and if so what is the value of the goodwill? Show your supporting calculations in the workspace below. $ WORKSPACE Goodwill is captured on the