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The balance sheet of Cattleman's Steakhouse shows assets of $86,800 and liabilities of $15,000. The fair value of the assets is $90,400 and the fair

The balance sheet of Cattleman's Steakhouse shows assets of $86,800 and liabilities of $15,000. The fair value of the assets is $90,400 and the fair value of its liabilities is $15,000. Longhorn paid Cattleman's $84,420 to acquire all of its assets and liabilities. Longhorn should record goodwill on this purchase of: Multiple Choice $2,380. $9,020. $12,620. $14,900.

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