Use the Following Information for Questions

question 5

Multiple Choice

Use the following information for questions
Jessup Corp.will acquire a controlling stake in the outstanding shares of Parasol Inc.for
$9.2 million in cash.
-Assuming the fair value of Parasol's net-assets is $12.5 million, and Jessup acquired a 75% share, goodwill can be calculated as

• A)$175,000
• B)$175,000 negative
• C)$375,000
• D)nil

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