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The balance sheet of Flo's Restaurant showed total assets of $480,000, liabilities of $152,000 and stockholders equity of $378,000. An appraiser estimated the fair value
The balance sheet of Flo's Restaurant showed total assets of $480,000, liabilities of $152,000 and stockholders equity of $378,000. An appraiser estimated the fair value of the restaurant assets at $565,000. If Alice Company pays $745,000 cash for the restaurant, what is the amount of goodwill?
A. $180,000
B. $265,000
C. $332,000
D. $367,000
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