2.99 See Answer

Question: Sunshine NFP, a private not-for-profit


Sunshine NFP, a private not-for-profit entity, gains control over Dancing Ducks NFP, another not- for-profit entity. The acquisition price is $2.5 million although the identifiable assets and liabilities of Dancing Ducks only have a total net fair value of $2.2 million. What recording is made of the $300,000 difference?

2.99

See Answer