Remaining Time: 25 minutes, 26 seconds. Question Completion Status: v, vov cu, ues Norzalin Company Statement of Financial Position On 1 January 2022 250,000 Capital Land 350,000 Copyrights 150,000 Share premium 20,000 Inventories 100,000 Loan 130,000 Total Assets 500,000 Total equity & Liabilities 500,000 Additional Information: - Land is undervalued by 50,000 - Inventories are overvalued by 20,000 Answer the following questions: 1- Is there any goodwill in this purchase? Yes/No (Half mark) 2- If yes, how much this goodwill? (One mark) 3- In the journal entry, goodwill should be in which side? Debit/Credit (Half mark) For the foolhar nress ALT+F10 (PC) or ALT+FN+F10 (Mac) Remaining Time: 25 minutes, 26 seconds. Question Completion Status: v, vov cu, ues Norzalin Company Statement of Financial Position On 1 January 2022 250,000 Capital Land 350,000 Copyrights 150,000 Share premium 20,000 Inventories 100,000 Loan 130,000 Total Assets 500,000 Total equity & Liabilities 500,000 Additional Information: - Land is undervalued by 50,000 - Inventories are overvalued by 20,000 Answer the following questions: 1- Is there any goodwill in this purchase? Yes/No (Half mark) 2- If yes, how much this goodwill? (One mark) 3- In the journal entry, goodwill should be in which side? Debit/Credit (Half mark) For the foolhar nress ALT+F10 (PC) or ALT+FN+F10 (Mac)