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On September 1, 2017, Swifty Corporation acquired Aumont Enterprises for a cash payment of $800,000. At the time of purchase, Aumonts balance sheet showed assets
On September 1, 2017, Swifty Corporation acquired Aumont Enterprises for a cash payment of $800,000. At the time of purchase, Aumonts balance sheet showed assets of $570,000, liabilities of $210,000, and owners equity of $360,000. The fair value of Aumonts assets is estimated to be $830,000. Compute the amount of goodwill acquired by Swifty. what is the Value assigned to goodwill?
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