fair value of its liabilities is $14,000. Longhorn paid Cattleman's $83.220 to acquire all of its assets and liabilities. Longhorn should record goodwill on this purchase of: Multiple Choice . $3,080. $10,920. $6700. Help Save & Exit Sut The balance sheet of Cattleman's Steakhouse shows assets of $86,300 and liabilities of $14,000. The fair value of the assets is $89,000 and the fair value of its liabilities is $14,000. Longhorn paid Cattleman's $83,220 to acquire all of its assets and liabilities. Longhorn should record goodwill on this purchase of