Business, 26.08.2019 22:10, stephanieb75

On november 30, year 1, parlor, inc. purchased for cash at $15 per share all 250,000 shares of theoutstanding common stock of shaw co. at november 30, year 1, shaw's balance sheet showed a carrying amount of net assets of $3,000,000. at that date, the fair value of shaw's property, plant and equipment exceeded its carrying amount by $400,000. in its november 30, year 1, consolidated balance sheet, what amount should parlor report as goodwill under u. s. gaap? a. $750,000b. $400,000c. $350,000d. $0

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On november 30, year 1, parlor, inc. purchased for cash at $15 per share all 250,000 shares of theou...