5. Raider Co. recently acquired all of Lost Arc, Inc.’s net


Question Description:

24.99

5. Raider Co. recently acquired all of Lost Arc, Inc.’s net assets in a business acquisition. The cash purchase price was $7.8 million. Lost Arc, Inc.’s assets and liabilities had the following appraised values immediately prior to the acquisition: land, $2.1 million; buildings, $3.8 million; inventory, $2.6 million; long-term notes payable, for which Raider Co. assumes payment responsibilities, $1.9 million. Required: How much goodwill will result from this transaction? (Enter your answers in whole dollars.) Goodwill: $________________

Answer

24.99