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***Question #3*** Company Purchase Example 20 WindowGates Co. purchased FinnPhones for $9,465. In the purchase, WindowGates received the following: Cash $1,503 Current Liabilities $4,576 Accounts
***Question #3*** Company Purchase Example 20 WindowGates Co. purchased FinnPhones for $9,465. In the purchase, WindowGates received the following: Cash $1,503 Current Liabilities $4,576 Accounts Receivable 754 Inventories 544 Other Current Assets 960 Property & Equipment 981 Long-Term Liabilities 917 Intangible Assets 4,509 Other Assets 249 Total Assets $9,500 Total Liabilities $5,493 What amount of goodwill does WindowGates put on the balance sheet for its purchase of FinnPhones? A B C DE -$35 $3,972 $4,007 $5,458 None
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