Question
43. Hillsdale Industries acquired the net assets of a competitor, Ingles, for cash. Amounts recorded by Hilsdale related to the acquisition included current assets of
43. Hillsdale Industries acquired the net assets of a competitor, Ingles, for cash. Amounts recorded by Hilsdale related to the acquisition included current assets of $80,000, intangibles of $125,000, goodwill of $75,000, and current liabilities of $150,000. How much did Hillsdale pay Ingles? Group of answer choices
A) $55,000
B) $70,000
C) $75,000
D) $130,000
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Principles Of Cost Accounting
Authors: Robert E. Schmiedicke, Edward J. Vanderbeck
11th Edition
0538873426, 978-0538873420
