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Routing Solutions paid $200,000 to acquire Tabletz, Inc., an electronic gadget-advertising website. At the time of the acquisition, Tabletz's balance sheet reported total assets of
Routing Solutions paid $200,000 to acquire Tabletz, Inc., an electronic gadget-advertising website. At the time of the acquisition, Tabletz's balance sheet reported total assets of $200,000 and liabilities of $100,000. The fair market value of Tabletz's assets was $200,000. The fair market value of its liabilities was $100,000. How much goodwill did Routing Solutions purchase as part of the acquisition of Tabletz? A. $150,000 B. $50,000 C. $100,000 OD. $200,000
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