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4 Northem purchased the entire business of Southern including all its assets and abilities for $633.5 companies Fair value of assets 00-17-48 Fair value

4 Northem purchased the entire business of Southern including all its assets and abilities for $633.5 companies Fair value of assets 00-17-48 Fair value of liabilities Reported assets Reported liabilities Net Income for the year Northern Southern $1,058,000 $783,000 571,000 316,000 809,000 631,000 499,000 269,000 57,000 59,000 How much goodwill did Northern pay for acquiring Southern?

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