Question
The balance sheet of Flo's Restaurant showed total assets of $680,000, liabilities of $232,000 and stockholders equity of $448,000. An appraiser estimated the fair value
The balance sheet of Flo's Restaurant showed total assets of $680,000, liabilities of $232,000 and stockholders equity of $448,000. An appraiser estimated the fair value of the restaurant assets at $815,000. If Alice Company pays $1,145,000 cash for the restaurant the amount of goodwill acquired would be:
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International Financial Accounting And Reporting
Authors: Ciaran Connolly
6th Edition
1912350025, 978-1912350025
