A company paid $1.8 million to acquire the business of a sole trader. The sole trader's assets
Question:
A company paid $1.8 million to acquire the business of a sole trader. The sole trader's assets and liabilities were valued as follows.
How much was paid for Goodwill?
A. $650 000
B. $750 000
C. $850 000
D. $950 000
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To calculate the goodwill you need to subtract the fair ...View the full answer
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