tzartiger12
14.04.2020 •
Business
The balance sheet of Flo's Restaurant showed total assets of $360,000, liabilities of $104,000 and stockholders’ equity of $306,000. An appraiser estimated the fair value of the restaurant assets at $415,000. If Alice Company pays $505,000 cash for the restaurant, what is the amount of goodwill?
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Ответ:
$194,000
Explanation:
Goodwill is an intangible asset acquired when a business is purchased. It is the excess of cash paid from the fair value of its total assets less total liabilities.
Cash paid - Net asset = goodwill
Fair value of asset = $415,000
Liability = $104,000
Cash paid = $505,000
Net asset = $415,000 - $104,000 = $311,000
Goodwill = $505,000 - $311,000 = $194,000
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