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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

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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 $114,000 Inventory $295,000 Property. Plant & Equipment (net) $590,000 Notes Payable assumed by buyer $615,000 Using this information, how much should be recorded as Goodwill for this transaction? Your Answer: Answer lenovo

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