ABC Company purchases DEF Company for $4,200,000 cash on January 1, 2021. The book value of DEF Company's net assets reported on its December 31, 2020 financial statement was $3,600,000. An analysis indicated that the fair value of DEF's tangible assets exceeded the book value by $600,000, and the fair value of identifiable intangible assets exceeded book value by $320,000. What amount of gain or goodwill is recognized by ABC

$320,000

Explanation:

Calculation for What amount of gain or goodwill is recognized by ABC

Using this formula

Gain/Goodwill =[Tangible assets -( Cash - Net assets)+Fair value ]

Let plug in the formula

Gain/Goodwill =[$600,000-( $4,200,000- $3,600,000)+$320,000]

Gain/Goodwill=$600,000-$600,000+$320,000

Gain/Goodwill=$320,000

Therefore the amount of gain or goodwill is recognized by ABC will be $320,000

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

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it