Solved: Suppose amerex pays 72 million to buy logan overnight, Accounting Basics

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Suppose amerex pays 72 million to buy logan overnight

Question - Suppose AmerEx pays $72 million to buy Logan Overnight express. The fair value of Logan Overnight express's assets is $86 million and the fair value of its liabilities is $21 million. How much goodwill did AmerEx purchase in its acquisition of Logan?

A $7 million

B. $21million

C. $51million

D. $35million

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Accounting Basics: Suppose amerex pays 72 million to buy logan overnight

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Accounting Basics: Suppose amerex pays 72 million to buy logan overnight

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