Mindy Corporation acquired all outstanding shares of Lahiri Ltd.For $4.2 million.Selected information relating to Lahiri was as follows: Mindy will recognize goodwill of
A)$0.2 million.
B)$1.1 million.
C)$4.1 million.
D)$3.0 million.

Question

Mindy Corporation acquired all outstanding shares of Lahiri Ltd.For $4.2 million.Selected information relating to Lahiri was as follows:  Mindy will recognize goodwill of
A)$0.2 million. 
B)$1.1 million. 
C)$4.1 million. 
D)$3.0 million.

Quizplus · Accepted Answer

The Answer of Mindy Corporation acquired all outstanding shares of Lahiri Ltd.For $4.2 million.Selected information relating to Lahiri was as follows:  Mindy will recognize goodwill of
A)$0.2 million. 
B)$1.1 million. 
C)$4.1 million. 
D)$3.0 million.

Mindy Corporation Acquired All Outstanding Shares of Lahiri Ltd