Question - On June 1, 200X, Post Co. paid $ 760,000 cash for all of the issued and outstanding common stock of Ben Corp. The carrying values for Ben's assets and liabilities on June 1 follow:
Cash 250,000
Accounts Receivable 180,000
Capitalized Software 320,000
Liabilities (130,000)
On June 1, 200X, Ben's accounts receivable had a fair value of $ 140,000. Additionally, Ben's capitalized software costs were estimated to have a fair value of $ 200,000 and liabilities were valued at $30,000. All other items were stated at their fair values. On Post's June 1 consolidated balance sheet, how much is reported for goodwill?