Nebulus Corporation owns 30% of the voting stock of Suite Company. It reports the 30% interest as an equity method investment, with a current carrying value of $32,000,000 and a market value of $45,000,000. Nebulus acquires the remaining 70% interest for $120,000,000 in cash. At that time, the fair value of Suite's identifiable net assets was $125,000,000, and Suite's book value was $45,000,000.As part of the acquisition entry, Nebulus records:A) A gain of $13,000,000, in income. B) Goodwill of 27,000,000.C) Goodwill of $107,000,000.D) A gain of $5,000,000, in income.

B) Goodwill of 27,000,000.

Explanation:

Nebulus's original 30% investment on Suite had a carrying value of $32,000,000 + $120,000,000 more paid in cash for the remaining 70% = $152,000,000

The fair market value of Suite's total assets = $125,000,000

So that means that Nebulus must record Suite's assets at fair market value, and the remaining $27,000,000 million must be recorded as goodwill.

Goodwill = total purchase price of a company - fair market value of all the assets belonging to that company = $152,000,000 - $125,000,000 = $27,000,000

oof

explanation:

f

the answer choices are:

provides online banking

provides automatic payment services

provides home loans by using saving accounts

accept tax return refunds

hopefully someone can answer the question now lol