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

image text in transcribedimage text in transcribed Arlzona Corp. acquired the business Data Systems for $320,000 cash and assumed all llabilitles at the date of purchase. Data's books showed tanglble assets of $260,000, llabillties of $40,000, and stockholders' equlty of $220,000. An appralser assessed the falr market value of the tangible assets at $250,000 at the date of acquisition. Arizona Corp.'s financlal condition Just prlor to the acquisition is shown in Required B. Required a. Compute the amount of goodwill acquired. b. Record the acquisition In a financlal statements model. Complete this question by entering your answers in the tabs below. Compute the amount of goodwill acquired. Complete this question by entering your answers in the tabs below

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