Robinson Company purchased Franklin Company at a price of 3

Last updated: 3/8/2024

Robinson Company purchased Franklin Company at a price of 3 880 000 The fair market value of the net assets purchased equals 2 790 000 1 What is the amount of goodwill that Robinson records at the purchase date 2 Does Robinson amortize goodwill at year end for financial reporting purposes 3 Robinson believes that its employees provide superior customer service and through their efforts Robinson believes it has created 1 450 000 of goodwill Should Robinson Company record this goodwill Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 What is the amount of goodwill that Robinson records at the purchase date