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Perch Co. acquired 80% of the common stock of Float Corp. for $1,600,000. The fair...

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Accounting

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

$150,000.

$250,000.

$0.

$170,000.

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