On January 2, 2017, Brenda Corporation paid $1, 200,000 for Buster Company in a transaction properly accounting for as an asset acquisition. The book values and fair values of Buster Company’s net assets on January 2, 2017 were as follows: What will be the goodwill recorded from the above transaction? Show your calculation. If Brenda Corporation’s Accounts Receivable balances immediately prior to the acquisition was $500,000. What will Brenda Corporation’s Accounts Receivable balance be immediately after the above acquisition? Show your calculation.Show transcribed image text On January 2, 2017, Brenda Corporation paid $1, 200,000 for Buster Company in a transaction properly accounting for as an asset acquisition. The book values and fair values of Buster Company’s net assets on January 2, 2017 were as follows: What will be the goodwill recorded from the above transaction? Show your calculation. If Brenda Corporation’s Accounts Receivable balances immediately prior to the acquisition was $500,000. What will Brenda Corporation’s Accounts Receivable balance be immediately after the above acquisition? Show your calculation.
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