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Server Solutions paid $220,000 to acquire Tabletz Inc., an electronic gadgetminusadvertising website. At the time of the acquisition, Tabletz's balance sheet reported total assets of
Server Solutions paid $220,000 to acquire Tabletz Inc., an electronic gadgetminusadvertising website. At the time of the acquisition, Tabletz's balance sheet reported total assets of $220,000 and liabilities of $110,000. The fair market value of Tabletz's assets was $220,000. The fair market value of its liabilities was $110,000. How much goodwill did Server Solutions purchase as part of the acquisition of Tabletz?
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