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Arizona Corp. acquired the business Data Systems for $330,000 cash and assumed all liabilities at the date of purchase. Data's books showed tangible assets of

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Arizona Corp. acquired the business Data Systems for $330,000 cash and assumed all liabilities at the date of purchase. Data's books showed tangible assets of $360,000, llabilities of $21,000, and stockholders' equity of $339.000. An appraiser assessed the fair market value of the tangible assets at $320,000 at the date of acquisition. 2.5 points Required a. Compute the amount of goodwill acquired. b. Record the acquisition in a financial statements model. Arizona Corp 's financial condition just prior to the acquisition is shown in the eflookfollowing statements model. Hint Print References Complete this question by entering your answers in the tabs below Required A Required B Compute the amount of goodwill acquired. (Amounts to be deducted should be indicated with minus sign.) Cash paid Liabilities assumed Tola FMV of assets Goodwill Required A RequiredB > 7 following statements model. Check n Complete this question by entering your answers in the tabs below oints Required A Required the acquisition in a financial statements model. Arizona Corp's financial condition just prior to the acquisition Is shown in the following statements model. (Iin the Cash fin eBook decreases to account balances and cah o Flow column, use OA to designate operating activity, LA for investment activity, decreases to account balances and cash outflows with a minus sign.) with a minus icivyFA for financing activity and NA to indicate the element is not affected by the event. Enter any Print References ARIZONA CORP Horizontal Statements Model Balance Sheet Income Statement Statement of Cash Flows Event Assets Liabilities Equity Revenue-ExpenseIncet 560 000 Required A

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