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Example 2 On September 1, 2007, Dungeon Corporation acquired Dragon Enterprises for a cash payment of OMR 750,000. At the time of purchase, Dragon's balance

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Example 2 On September 1, 2007, Dungeon Corporation acquired Dragon Enterprises for a cash payment of OMR 750,000. At the time of purchase, Dragon's balance sheet showed assets of OMR 620,000, liabilities of OMR 200,000, and owner's equity of OMR 420,000. The fair value of Dragon's assets is estimated to be OMR 800,000. Compute the amount of goodwill acquired by Dungeon

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