how much of the purchase will susie debit to goodwill ?

36) 37) Susie Corporation is buying all the assets and assuming all the liabilities of John's Barbeque Company. The following information is available for John's at the date of the purchase: Accounts Receivable 250,000 Inventory Land 100,000 300,000 Accounts payable Note Payable Common Stock Retained Earnings 150,000 100,000 200,000 400,000 The accounts receivable are worth $200,000, the inventory is worth $75,000 and the land is worth $500,000. The Accounts Payable are worth book value. Additionally, the Note Payable debt is payable interest only at 10% per year for the next 5 years and then the principal is due. The current interest rate for similar debt is 12%. Susie will pay $650,000 for John's. How much of the purchase price will Susie debit to goodwill? A. B. c. D. E. $ 125,000.00 $ 129,804.45 $ 117,790.45 $ 120,196.45 Some other number which is not here A method of calculating interest which puts more interest to the beginning payments is: A. B. C. D. E. a ponzie scheme an aging schedule Simple interest The rule of 78s Some other thing