S8-13 (book/static) Question Help When one media company buys another, goodwill is often the most costly asset acquired. TXL Publishing paid $925,000 to acquire the Thrifty Nickel a weekly advertising paper. At the time of the acquisition, the Thrifty Nickel's balance sheet reported total assets of $1,150,000 and liabilities of $375,000. The fair market value of the Thrifty Nickel's assets was $1,225,000. The fair market value of liabilities was $375,000. How much goodwill did TXL Publishing purchase as part of the acquisition of the Thrifty Nickel? Journalize TXL Publishing's acquisition of the Thrifty Nickel How much goodwill did TXL Publishing purchase as part of the acquisition of the Thrifty Nickel? Select the formula labels and then enter the amounts to calculate goodwill. Goodwill Assets purchased at cost Assets purchased, at market value Net assets purchased at cost Net assets purchased at market value Purchase price Choose from any list or enter any number in the input fields and then click Check Answer 2 1 par Clear All Check Answer remaining OVO