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The seventh company: You are entrusted with preparing accounting treatments related to the goodwill of the shop: Assuming that Al-Rafidain Company purchased the net assets

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The seventh company: You are entrusted with preparing accounting treatments related to the goodwill of the shop: Assuming that Al-Rafidain Company purchased the net assets of Ajloun Wood Industry Company in the amount of 2,000,000 dinars, as of 1/1/2010, and the balance sheet of Ajloun Company at that date was as follows: Liabilities and equity 100,000 Creditors 200,000 Payment papers 200,000 300,000 100,000 150,000 75,000 125,000 50,000 1,000,000 Origins Bank box Capture papers goods Buildings Lands equipment Total assets 500,000 200,000 capital Retained earnings 1,000,000 Total liabilities and equity The fair market value of the company's assets and liabilities was as follows: Bank 400,000, Fund 500,000, Receipt Notes 200,000, Goods 400,000, Buildings 200,000, Land 200,000, Equipment 100,000, Creditors 200,000, Payment Papers 300,000 Required: 1- Determine the market value of the net assets 2- Determine the value of the store's popularity with Ajloun 3. Proof of the store's reputation in the books of Al-Rafidain Company The seventh company: You are entrusted with preparing accounting treatments related to the goodwill of the shop: Assuming that Al-Rafidain Company purchased the net assets of Ajloun Wood Industry Company in the amount of 2,000,000 dinars, as of 1/1/2010, and the balance sheet of Ajloun Company at that date was as follows: Liabilities and equity 100,000 Creditors 200,000 Payment papers 200,000 300,000 100,000 150,000 75,000 125,000 50,000 1,000,000 Origins Bank box Capture papers goods Buildings Lands equipment Total assets 500,000 200,000 capital Retained earnings 1,000,000 Total liabilities and equity The fair market value of the company's assets and liabilities was as follows: Bank 400,000, Fund 500,000, Receipt Notes 200,000, Goods 400,000, Buildings 200,000, Land 200,000, Equipment 100,000, Creditors 200,000, Payment Papers 300,000 Required: 1- Determine the market value of the net assets 2- Determine the value of the store's popularity with Ajloun 3. Proof of the store's reputation in the books of Al-Rafidain Company

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