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Question 5 SLO $7930 Northern purchased the entire business of Southern including as assets and lates for 5573.750. Below is information related to the two

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Question 5 SLO $7930 Northern purchased the entire business of Southern including as assets and lates for 5573.750. Below is information related to the two companies Northern Southern Fair value of assets 000 00 Fair value of labies 5660 3040 00 Reported assets 8020 6350 00 00 Reported liabilities 4860 2500 00 00 Net Income for the year 51.00 660 How much goodwill dd Northern pay for acquiring Southern 0 0 5288,750 $385.000 $94.750 $184.750

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