Question: During 2016, Flea Corp purchased 100% of the outstanding voting common stock shares of Kiedis Company for $3.8 million. Kiedis' assets had a book value of $4.2 million and fair value of $4.8 million. The book value as well as fair value of Kiedis' liabilities equaled $3.4 million. How much was recorded as goodwill from the transaction?