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The balance sheet of Flo's Restaurant showed total assets of 340,000, liabilities of 96,000, and stockholders equity of 294,000. An appraiser estimated the fair value
The balance sheet of Flo's Restaurant showed total assets of 340,000, liabilities of 96,000, and stockholders equity of 294,000. An appraiser estimated the fair value of the restaurant assets at 390,000. If Alice company pays 465,000 cash for the restaurant what is the amount of Goodwill?
a.151,000
b.171000
c. 75,000
d. 125,000
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