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Juliana Corporation purchased all of the outstanding stock of Caldwell Inc., paying $2,700,000 cash. Juliana...

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Accounting

Juliana Corporation purchased all of the outstanding stock of Caldwell Inc., paying $2,700,000 cash. Juliana assumed all of the liabilities of Caldwell. Book values and fair values of acquired assets and liabilities were:

Book Value Fair Value
Current assets (net) $420,000 $450,000
Property, plant, & equip. (net) 1,600,000 2,250,000
Liabilities 500,000 600,000

Juliana would record goodwill of:

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