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Arizona Corporation acquired the business Data Systems for $ 3 2 0 , 0 0 0 cash and assumed all liabilities at the date of
Arizona Corporation acquired the business Data Systems for $ cash and assumed all liabilities at the date of purchase. Data's
books showed tangible assets of $ liabilities of $ and stockholders' equity of $ An appraiser assessed the
fair market value of the tangible assets at $ at the date of acquisition. Arizona Corporation's financial condition just prior to the
acquisition is shown in the following statements model.
Required
a Compute the amount of goodwill acquired.
b Record the acquisition in a financial statements model like the preceding one.
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Compute the amount of goodwill acquired.
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