Calculate the total amount of goodwill recognized


Card Co. acquired 80% of the common stock of Dana Corp. for $1,600,000. The fair value of Dana's net assets was $1,850,000, and the book value was $1,500,000. The non-controlling interest shares of Dana Corp. are not actively traded. What is the total amount of goodwill recognized at the date of acquisition?

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Accounting Basics: Calculate the total amount of goodwill recognized
Reference No:- TGS0681113

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