Calculate the Total Goodwill for a Pro Forma Balance Sheet

question 18

Multiple Choice

Calculate the total goodwill for a pro forma balance sheet given the following details.

Details:
Equity purchase price: $2,000
Book value: $1,700
Existing goodwill: $100

• A)$100
• B)$300
• C)$200
• D)$400

---

Definitions:

LH

Luteinizing hormone, a hormone secreted by the anterior pituitary gland that plays a key role in controlling the function of ovaries in women and testes in men.

Corpus Luteum

A temporary endocrine structure in female ovaries, formed after ovulation, which secretes hormones, primarily progesterone, to maintain early pregnancy.

Sperm

Male gametes responsible for fertilizing female gametes during sexual reproduction.

Oocyte

Immature egg.