Business, 17.10.2019 05:30 southchrista3

On june 1, cline co. paid $800,000 cash for all of the issued and outstanding common stock of renn corp. the carrying amounts for renn’s assets and liabilities on june 1 follow: cash $150,000 accounts receivable 180,000 capitalized software costs 320,000 goodwill 100,000 liabilities (130,000) net assets $620,000 on june 1, renn’s accounts receivable had a fair value of $140,000. additionally, renn’s in-process research and development was estimated to have a fair value of $200,000. all other items were stated at their fair values. on cline’s june 1 consolidated balance sheet, how much is reported for goodwill?

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On june 1, cline co. paid $800,000 cash for all of the issued and outstanding common stock of renn c...

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