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S9-13 (similar to) Question Help 0 Up Country Publishing paid $250,000 to acquire Thrifty Nickel a weekly advertising paper. At the time of the acquisition, Thrifty Nickel's balance sheet reported total assets of $120,000 and liabilities of $60,000. The fair market value of Thrifty Nickel's assets was $90,000. The fair market value of Thrifty Nickels liabilities was $60,000. Read the requirements. Requirement 1. How much goodwill did Up Country Publishing purchase as part of the acquisition of Thrifty Nickel? Purchase price to acquire Thrifty Nickel Market value of Thrifty Nickel's assets Less: Market value of Thrifty Nickel's liabilities Less: Market value of Thrifty Nickel's net assets Goodwill Requirements - X 1. How much goodwill did Up Country Publishing purchase as part of the acquisition of Thrifty Nickel? 2. Journalize Up Country Publishing's acquisition of Thrifty Nickel. Print Done Enter any number in the edit fields and then click Check Answer. 1 part remaining Clear All Check