Routing Solutions paid $ 205000 to acquire Tabletz, Inc., an electronic gadget minus advertising website. At the time of the acquisition, Tabletz's balance sheet reported total assets of $ 205000 and liabilities of $ 102500. The fair market value of Tabletz's assets was $ 205000. The fair market value of its liabilities was $ 102 comma 500. How much goodwill did Routing Solutions purchase as part of the acquisition of Tabletz?

Answer rating: 100% (QA)

Goodwill Goodwill is an intangible asset of a company It is basically an excess a... View the full answer