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P Company Purchased the Net Assets of S Company for $225,000.On

question 6

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P Company purchased the net assets of S Company for $225,000.On the date of P's purchase,S Company had no investments in marketable securities and $30,000 (book and fair value) of liabilities.The fair values of S Company's assets,when acquired,were: P Company purchased the net assets of S Company for $225,000.On the date of P's purchase,S Company had no investments in marketable securities and $30,000 (book and fair value) of liabilities.The fair values of S Company's assets,when acquired,were:   How should the $45,000 difference between the fair value of the net assets acquired ($270,000) and the consideration paid ($225,000) be accounted for by P Company? A) The noncurrent assets should be recorded at $ 135,000. B) The $45,000 difference should be credited to retained earnings. C) The current assets should be recorded at $102,000,and the noncurrent assets should be recorded at $153,000. D) An ordinary gain of $45,000 should be recorded. How should the $45,000 difference between the fair value of the net assets acquired ($270,000) and the consideration paid ($225,000) be accounted for by P Company?

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