Answer:
Goodwill is $262,800
Explanation:
Goodwill is the excess of purchase consideration over fair value of net assets
Fair value of net assets is the fair value of total assets minus fair value of total liabilities
Fair value of total assets=$124,200+$757,000=$881,200
fair value of total liabilities=$177,000
fair value of net assets=$881,200
-$177,000=$704,200
Goodwill=purchase consideration-net assets
purchase consideration is $967,000
fair value of net assets $704,200
goodwill=$967,000-$704,200
goodwill=$262,800
The correct option is the third option in the multiple choices
