Raj CoAcquired All of Event Ltd

question 14

Multiple Choice

Raj Co.acquired all of Event Ltd.'s common shares.At the date of acquisition,Event had $80,000 of goodwill resulting from its acquisition of Baker Ltd.a few years ago.At Raj's date of acquisition,what is the proper treatment of Event's $80,000 of goodwill?

• A)Event's goodwill is an identifiable asset and should be included as part of Raj's purchase price discrepancy (PPD).
• B)Event's goodwill is an identifiable asset but should not be included as art of Raj's PPD.
• C)Event's goodwill is not an identifiable asset but should be included as part of Raj's PPD.
• D)Event's goodwill is not an identifiable asset and should not be included as part of Raj's PPD.