Arizona Corporation acquired the business Data Systems for $310,000 cash and assumed all liablities at the date of purchase. Data's books showed tangible assets of $320,000, liabilities of $17,000, and stockholders' equity of $303,000. An appraiser assessed the fair market value of the tangible assets at $300,000 and liabilities at $17,000 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. Arizona Corporation's financial condition just prior to the acquisition is shown in the financial stotements model. d. Record the acquisition in general journal format. Complete this question by entering your answers in the tabs'below. Compute the amount of goodwill acquired. Record the acquisition in a financial statements model. Arizona Corporation's financial condition fust prior to the acquisition is shown in a horizontal statements model. Cash Fiows column, use the initials OA to desianate operating activity, lA for investing activity, and Fh for finaneling activity, Leave blank to indicate that an element is met. event, Enter any decreaves to account balances and cash outflows with a minus sign.) Record the acquisition in general journal format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record cash paid for acquisition of assets and liabilities. Note: Enter debits before credits. Arizona Corporation acquired the business Data Systems for $310,000 cash and assumed all liabilities at the date of purchase. Data's books showed tangible assets of $320,000, liabilitles of $17,000, and stockholders' equity of $303,000. An appraiser assessed the fair market value of the tangible assets at $300,000 and liabilities at $17,000 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. Arizona Corporation's financial condition just prior to the acquisition is shown in the financial statements model. d. Record the acquisition in general journal format. Complete this question by entering your answers in the tabs below. Record the acquisition in general journal format. (If no entry is required for a transactionvevent, select "No journal entry required" in the first account feid.) a. Compute the amount of goodwill acquired. b. Record the acquisition in a financial statements model. Arizona Corporation's financial condition just prior to the acquisition is shown in the financial statements model. d. Record the acquisition in general journal format. Complete this question by entering your answers in the tabs below. Compute the amount of goodwill acquired. Required a. Compute the amount of goodwill acquired. b. Record the acquisition in a financial statements model. Arizona Corporation's financial condition just prior to the acquisition is shown in the financial statements model d. Record the acquisition in general joumal format. Complete this question by entering your answers in the tabs below. Record the acquisition in a financlal statements model. Arizona Corporation's financial condition just prior to the acquisition is shown in a horitontal statements model. (1. Cash Flows colume, use the initlals OA to designate operating activity, LA for investing activity, and FA for financing activity. Leave blank to indicate that an element is ne. event. Enter any decreases to account balances and cash oulflows whth a minus sign.) Record the acquisition in general journal format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record cash paid for acquisition of assets and liabilities. Note: Enter debits before credits
