Annapolis Company was recently sold for $480,000.
Annapolis Company was recently sold for $480,000. Annapolis had assets
& liabilities appraised at the time of the sale in the amounts of:
Item
Amount
Accounts Receivable assumed by buyer
$129,000
Inventory
$285,000
Property, Plant & Equipment (net)
$505,000
Notes Payable assumed by buyer
$685,000
Using this information, how much should be recorded as Goodwill for this transaction?
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"
