On January 12, Henry Berg received an offer of $50,000 for his equity in Evergreen Market. Although

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On January 12, Henry Berg received an offer of $50,000 for his equity in Evergreen Market. Although his equity was then only $41,300, he rejected the offer. This means that the store had already acquired goodwill with a market value of $8,700.

What changes, if any, should be made in the January 11 balance sheet so that it reports the financial condition on January 12?

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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