Question: Question 3 View Policies Current Attempt in Progress On September 1, 2020, Cheyenne Corporation acquired Sage Hill Enterprises for a cash payment of $770,000. At

Question 3 View Policies Current Attempt in Progress On September 1, 2020, Cheyenne Corporation acquired Sage Hill Enterprises for a cash payment of $770,000. At the time of purchase, Sage Hill's balance sheet showed assets of $560,000,labilities of $180,000, and owners' equity of $380,000. The fair value of Sage Hill's assets is estimated to be $830,000. Compute the amount of goodwill acquired by Cheyenne. Value assigned to goodwill $

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