Alpha Company was recently sold for $1,250,000. Alpha assets & liabilities consisted of the following:
Alpha Company was recently sold for $1,250,000. Alpha assets & liabilities consisted of the following:
Item Amount
Cash $75,000
Inventory $275,000
Property, Plant $750,000
& Equipment (net)
Accounts Payable $350,000
Using this information, how much should be recorded as Goodwill for this transaction?
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