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Question Completion Status: UMUTATY ZUZL Property, plant & equipment 200,000 150,000 Furniture 60,000 50,000 Accounts receivables 40,000 Capital Retained earnings Accounts payables Total equity & Liabilities 100,000 Total Assets 300,000 300,000 Additional Information: Furniture is overvalued by 10,000. - Property, plant & equipment is undervalued by 40,000. Answer the following questions: 1- Is there any goodwill in this purchase? Yes/No (Half mark) 2- If yes, how much this goodwill? (One mark) 3. In the journal entry, goodwill should be in which side? Debit/Credit (Half mark) Active