Business, 07.10.2021 09:20 Gribblejames

on june 1, cline co. paid $870,000 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 $ 239,000 accounts receivable 181,000 capitalized software costs 340,000 goodwill 103,000 liabilities (226,000 ) net assets $ 637,000 on june 1, renn’s accounts receivable had a fair value of $136,000. additionally, renn’s in-process research and development was estimated to have a fair value of $253,000. 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 $870,000 cash for all of the issued and outstanding common stock of renn c...

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