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Please help answer the question Routing Solutions paid $226,000 to acquire Tabletz, Inc., an electronic gadget-advertising website. At the time of the acquisition, Tabletz's balance
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Routing Solutions paid $226,000 to acquire Tabletz, Inc., an electronic gadget-advertising website. At the time of the acquisition, Tabletz's balance sheet reported total assets of $226,000 and liabilities of $113,000. The fair market value of Tabletz's assets was $226,000. The fair market value of its liabilities was $113,000. How much goodwill did Routing Solutions purchase as part of the acquisition of Tabletz? A. $113,000 B. $226,000 C. $56,500 D. $169,500 Step by Step Solution
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