The Charlie Corp

question 82

Multiple Choice

The Charlie Corp. buys Dixon Corp., for a total purchase price of $100 million. At the time of the acquisition, Dixon's total identifiable assets had a fair value of $90 million. Their historical cost to Dixon was $80 million. Dixon's identifiable liabilities had a fair value which was the same as their historical cost of $30 million. The goodwill that should be recorded at the time of the purchase is

• A) $10 million
• B) $20 million
• C) $40 million
• D) $50 million

---

Definitions:

Patches

Software updates designed to fix bugs, improve security, or enhance functionality.

Restorers

Professionals or substances involved in the restoration or conservation of artifacts, artworks, or structures to their original condition.

Open Source

A type of software where the source code is made available to the public, enabling anyone to view, modify, and distribute the software.

Freeware

Software that is available for use at no cost, though it may have limited functionality compared to paid versions.