Data table $ Book value of assets Market value of assets Market value of liabilities 850,000 900,000 530,000 Print Done Midiand Telecom provides communication services in Toua Nebraska the Dakota and Montana Midiand Telecom purchased goodwill as part of the acquisition of Surety Wireless Enterprises, which had the following figures Click the icon to view the data) Read the suitamente Requirement 1. Joumalize the entry to record Midland Telecom's purchase of Surety Wireless for $320,000 cash plus a S480,000 nota payable. (Record debits first ton credit. Select the explanation on the last ine of the journal entry table) Date Accounts and Explanation Debat Credit Requirement 2. What special asset does Midland Telecom's acquisition of Surety Wireless Idently? How should Midland Telecom account for this asset atter acquiring Surat Wireless? Explain in detail What special asset does Midland Telecom's acquisition of Surety Wireless identify The acquisition Identifies the How should Midland Telecom account for this asset after acquiring Surety Wirelesa? Explainin detail Midland Telecom should measure the of this asset each year of this asset has increased in value, Midland should the value of the asset has decreased, Midland shoul Data table $ Book value of assets Market value of assets Market value of liabilities 850,000 900,000 530,000 Print Done Midiand Telecom provides communication services in Toua Nebraska the Dakota and Montana Midiand Telecom purchased goodwill as part of the acquisition of Surety Wireless Enterprises, which had the following figures Click the icon to view the data) Read the suitamente Requirement 1. Joumalize the entry to record Midland Telecom's purchase of Surety Wireless for $320,000 cash plus a S480,000 nota payable. (Record debits first ton credit. Select the explanation on the last ine of the journal entry table) Date Accounts and Explanation Debat Credit Requirement 2. What special asset does Midland Telecom's acquisition of Surety Wireless Idently? How should Midland Telecom account for this asset atter acquiring Surat Wireless? Explain in detail What special asset does Midland Telecom's acquisition of Surety Wireless identify The acquisition Identifies the How should Midland Telecom account for this asset after acquiring Surety Wirelesa? Explainin detail Midland Telecom should measure the of this asset each year of this asset has increased in value, Midland should the value of the asset has decreased, Midland shoul
