Arizona Corporation acquired the business Data Systems for $315,000 cash and assumed all liabilities at the date of purchase. Data's books showed tangible assets of $330,000, liabilities of $18,000, and stockholders' equity of $312,000. An appraiser assessed the fair market value of the tangible assets at $305,000 and liabilities at $18,000 at the date of acquisition. Arizona Corporation's financial condition just prior to the acquisition is shown in the following statements model. + Required A Assets Tangible Assets Goodwill Balance Sheet + Goodwill = Liabilities + + Complete this question by entering your answers in the tabs below. Cash 530,000 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. Required B Required D Compute the amount of goodwill acquired. Stockholders' Equity 530,000 Required A Revenue Required B > Income Statement Expenses Net Income Statement of Cash Flows

Arizona Corporation acquired the business Data Systems for $315,000 cash and assumed all liabilities at the date of purchase. Data's books showed tangible assets of $330,000, liabilities of $18,000, and stockholders' equity of $312,000. An appraiser assessed the fair market value of the tangible assets at $305,000 and liabilities at $18,000 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. Compute the amount of goodwal acquired. Arizona Corporation acquired the business Data Systems for $315,000 cash and assumed all liabilities at the date of purchase. Data's books showed tangible assets of $330,000, liabilities of $18,000, and stockholders' equity of $312,000. An appraiser assessed the fair market value of the tangible assets at $305,000 and liabilities at $18,000 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. Compute the amount of goodwal acquired