On September 1, 2021, Sunland Corporation acquired Carla Vista Enterprises for a cash payment of $951,200....
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On September 1, 2021, Sunland Corporation acquired Carla Vista Enterprises for a cash payment of $951,200. At the time of purchases, Carla Vista's balance sheet showed assets of $707,600, liabilities of $278,400, and owner's equity of $487,200. The fair value of Carla Vista's assets is estimated to be $1,125,200. Compute the amount of goodwill acquired by Sunland. Amount of goodwill On September 1, 2021, Sunland Corporation acquired Carla Vista Enterprises for a cash payment of $951,200. At the time of purchases, Carla Vista's balance sheet showed assets of $707,600, liabilities of $278,400, and owner's equity of $487,200. The fair value of Carla Vista's assets is estimated to be $1,125,200. Compute the amount of goodwill acquired by Sunland. Amount of goodwill
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Answer rating: 100% (QA)
Purchase price 951200 Fair value of assets 1125200 ... View the full answer
Related Book For
Accounting Principles Volume 2
ISBN: 978-1119502555
8th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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