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 Accounts
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 $129,000
Inventory $270,000
Property, Plant & Equipment (net) $600,000
Notes Payable assumed by buyer $645,000
Using this information, how much should be recorded as Goodwill for this transaction?
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Management Accounting Information for Decision-Making and Strategy Execution
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
6th Edition
137024975, 978-0137024971
