Question

12) On July 1, 2014, when Salaby Company's total stockholders' equily was $360,000, Pogana Corporation
purchased 14,000 shares of Salaby's common stock at $30 per share. Salaby had 20,000 shares of common
stock outstanding both before and after the purchase by Pogana, and the book value of Salaby's net assets
on July 1, 2014 was equal to the fair value. On a consolidated balance sheet prepared at July 1, 2014,
goodwill would be
????

Answer 1

Answer:

2014

Explanation:

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