Question
The balance sheet of Flo's Restaurant showed total assets of $480,000, liabilities of $152,000 and stockholders equity of $328,000. 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 $328,000. An appraiser estimated the fair value of the restaurant assets at $565,000. If Alice Company pays $745,000 cash for the restaurant the amount of goodwill acquired would be:
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Management And Cost Accounting
Authors: Mike Tayles, Colin Drury
11th Edition
147377361X, 978-1473773615
