Princeton has acquired several ather companies Ass me that Princeton purchased Requirements 1. 2. eileher or $g 0 000 cash l he book alue ot Kellehers assets s S19 DDDD $2D,DDO DD and t has l ablities at $12 market value $120 ) market value 0 Compute the cost of goodwill purchasod by Princcton Record the purchase or Kelleher by Pnnceton he cost of goodwill pu Requirement 1. Compute the cost of goodwill purchased by Princeton Purchase price to acquire Keliaher Markel value of Keleher's assels Less: Market value of Kelleher's liabilities Less: Market value of Kelleher's net assets Goodwill