Question
Alpha Company was recently sold for $1,250,000. Alpha assets & liabilities consisted of the following: Item Amount Cash $75,000 Inventory $275,000 Property, Plant & Equipment
Alpha Company was recently sold for $1,250,000. Alpha assets & liabilities consisted of the following:
Item
Amount
Cash
$75,000
Inventory
$275,000
Property, Plant & Equipment (net)
$750,000
Accounts Payable
$350,000
Using this information, how much should be recorded as Goodwill for this transaction?
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Principles of Financial Accounting chapters 1-17
Authors: John Wild, Ken Shaw, Barbara Chiappetta
23rd edition
1259687740, 1259687747, 978-1259687747
