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Arizona Corporation acquired the business Data Systems for $320,000 cash and assumed all liabilities at the date of purchase. Data's books showed tanglble assets of

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Arizona Corporation acquired the business Data Systems for $320,000 cash and assumed all liabilities at the date of purchase. Data's books showed tanglble assets of $260,000, liabilities of $40,000, and stockholders equity of $220,000. An appraiser assessed the foir market vatue of the tangible assets at $250,000 and liabilities at $40,000 at the date of acquisition. Arizona Corporation's financial condition just prior to the acquisition is shown in the following statements model. kequired 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. Recerd the acquisition in a financial statements model. Arizona Corporation's finandial condition fust prior to the acquisition is shown in a horizontal statements model. (fin t calumn, use the intials OA to designate operating activity, IA for investing activity, and FA for financing activity. Leavo blank to indicate that an element is not affected by to account batances and cash butflow with a minus sign,) 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 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 condis

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