On September 1, 2015, Winans Corporation acquired Aumont Enterprises for a cash payment of 700,000. At the
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On September 1, 2015, Winans Corporation acquired Aumont Enterprises for a cash payment of £700,000. At the time of purchase, Aumont’s statement of financial position showed assets of £620,000, liabilities of £200,000, and equity of £420,000. The fair value of Aumont’s assets is estimated to be £800,000.
Compute the amount of goodwill acquired by Winans.
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Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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