Question
Alpha Company was recently sold for $1,500,000. Alpha assets & liabilities consisted of the following: Item Amount Cash $125,000 Inventory $250,000 Property, Plant & Equipment
Alpha Company was recently sold for $1,500,000. Alpha assets & liabilities consisted of the following:
| Item | Amount |
| Cash | $125,000 |
| Inventory | $250,000 |
| Property, Plant & Equipment (net) | $600,000 |
| Accounts Payable | $210,000 |
Using this information, how much should be recorded as Goodwill for this transaction?
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ICSA Study Text In Management Accounting
Authors: Richard Lyall
4th Edition
186072308X, 978-1860723087
