What would report goodwill of


1st Nebraska Bancorporation and Unity Trust Company merge on January 1, 2010. Before the merger transaction, the balance sheets of the two companies are as follows: (in millions)
1st Nebraska Unity Trust
Assets $1,700 $600
Liabilities 800 300
Common Stock ($1 par value) 100 50
Additional Paid-In Capital 100 50
Retained Earnings 700 200
Total Liabilities and Equity $1,700 $600

1st Nebraska issues 50,000 shares of its common stock with a market value of $470 million to the owners of Unity Trust in return for all of their shares of Unity Trust common stock. The assets of Unity Trust have a market value in excess of book value of $17 million. The consolidated balance sheet of 1st Nebraska at January 1, 2010 what would report goodwill of:

 

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Accounting Basics: What would report goodwill of
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