Annapolis Company was recently sold for $460,000. Annapolis had assets & liabilities appraised at the time of the sale in the amounts of: Item
Question
Annapolis Company was recently sold for $460,000. Annapolis had assets & liabilities appraised at the
time of the sale in the amounts of:
Item
Amount
Accounts Receivable assumed by buyer
$99,000
Inventory
$255,000
Property, Plant & Equipment (net)
$535,000
Notes Payable assumed by buyer
$615,000
what is the formula and how would i calculate how much should be recorded as Goodwill for this
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