Question
Annapolis Company was recently sold for $480,000. Annapolis had assets & liabilities appraised at the time of the sale in the amounts of: Item Amount
Annapolis Company was recently sold for $480,000. Annapolis had assets & liabilities appraised at the time of the sale in the amounts of:
Item Amount
Accounts Receivable assumed by buyer $99,000
Inventory $260,000
Property, Plant & Equipment (net) $515,000
Notes Payable assumed by buyer $615,000
Using this information, how much should be recorded as Goodwill for this transaction?
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Sound Investing, Chapter 15 - Liability Tricks
Authors: Kate Mooney
2nd Edition
0071719377, 9780071719377
