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Connect Homework Chapter 8 Saved Submit Help Save & Exit Exercise 8-20 Good will LO P4 3 Robinson Company purchased Franklin Company at a price of $3,920,000. The fair market value of the net assets purchased equals $2,810,000. 1 1. What is the amount of goodwill that Robinson records at the purchase date? 2. Does Robinson amortize goodwill at year-end? 3. Robinson believes that its employees provide superior customer service, and through their efforts, Robinson believes it has created $1,360,000 of goodwill. Should Robinson Company record this goodwill? points ook Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required 3 What is the amount of goodwill that Robinson records at the purchase date? Goodwill Required 1 Required 2 Connect Homework Chapter 8 Submit Saved Help Save & Exit Exercise 8-20 Good will LO P4 3 Robinson Company purchased Franklin Company at a price of $3,920,000. The fair market value of the net assets purchased equals $2,810,000. 1 1. What is the amount of goodwill that Robinson records at the purchase date? 2. Does Robinson amortize goodwill at year-end? 3. Robinson believes that its employees provide superior customer service, and through their efforts, Robinson believes it has created $1,360,000 of goodwill. Should Robinson Company record this goodwill? points eBook Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required 3 Does Robinson amortize goodwill at year-end? Does Robinson amortize goodwill at year-end?