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The balance sheet of Flo's Restaurant showed total assets of $460,000, liabilities of $144,000 and stockholders' equity of $316,000. An appraiser estimated the fair
The balance sheet of Flo's Restaurant showed total assets of $460,000, liabilities of $144,000 and stockholders' equity of $316,000. An appraiser estimated the fair value of the restaurant assets at $540,000. If Alice Company pays $705,000 cash for the restaurant, what is the amount of goodwill? Multiple Choice $165,000 $245,000
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