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Question Help Routing Solutions paid $221,000 to acquire Tabletz, Inc., an electronic gadget - advertising website. At the time of the acquisition, Tabletz's balance sheet
Question Help Routing Solutions paid $221,000 to acquire Tabletz, Inc., an electronic gadget - advertising website. At the time of the acquisition, Tabletz's balance sheet reported total assets of $221,000 and liabilities of $110,500. The fair market value of Tabletz's assets was $221,000. The fair market value of its liabilities was $110,500. How much goodwill did Routing Solutions purchase as part of the acquisition of Tabletz? A. $165,750 B. $55,250 C. $221,000 D. $110,500
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