AutoSave e Search File Takehomebam Adanced Accounting Summer 2020. Compatibility Mode - Word Layout References Mailings Review View Home Insert Design Christina Pedicure Xar Com Paste Format Painter Chipboard prind Calibri 11 A A A A 24 Ab Ab AaBbc AaBb AaBbc BTU XX A.D-A- - - - Tom No Spac Heading! Heading 2 Tele Font Paragraph Styles Dictate > Select Editing Voice Editor 2. Acosta Industries decided to acquire Markham Corporation (assets and liabilities) on July 30, 2020 for $60 million cash. Markham has the following assets and liabilities at fair value: Cash $ 400,000 Receivables 1,500,000 Inventories 5,400,000 Buildings and Equipment 72,000,000 Current liabilities 6,500,000 Notes Payable 34,000,000 Calculate the goodwill that Acosta records for this acquisition. b. If Markham's notes payable had a market value of $40,000,000, how is goodwill affected? Calculate the amount and direction of the change. a