On April 1, 2017, Parrish Company Purchased 90% of the Outstanding

question 28

Essay

On April 1, 2017, Parrish Company purchased 90% of the outstanding voting common stock of Hamilton Corporation for $400,000. At that date the fair market value of Hamilton's assets less liabilities was $200,000. What amount, if any, of goodwill must Parrish recognize in its consolidated balance sheet on December 31, 2017? Show your work.

---

Definitions:

Private Social Networks

Exclusive online platforms that allow members to interact, share content, and communicate within a restricted and secure environment.

Public Networks

Networks that provide an infrastructure for public communication and access, such as the internet or public Wi-Fi networks.

Brand Socialization

The process through which individuals learn about and become familiar with a brand's values, identity, and products.

Online Stakeholders

Individuals or groups with an interest or concern in an organization or project, who interact or engage through digital platforms.