much goodwill did Routing Salutons purchazcas part of the ac

much goodwill did Routing Salutons purchazcas part of the accuiition of Tabletz? OA. $172 500 O C. $57 50 O D. $230000

Solution

Cost of acquisition = 230000

Fair value of assets = 230000

Fair value of liabilities = 115000

Net assets taken over =

Fair value of assets - Fair value of Liabilities

= 230000 - 115000 = 115000

Amount of Goodwill = Cost of acquisition - Net assets taken over

= 230000 - 115000 = 115000

Answer is B. $115000

 much goodwill did Routing Salutons purchazcas part of the accuiition of Tabletz? OA. $172 500 O C. $57 50 O D. $230000 SolutionCost of acquisition = 230000 Fai

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