New harvest bakery acquired all the outstanding common stock of red rock bakery for $70,300 in cash. the book values and market values of red rock's assets and liabilities were as follows:
book value fair value
current assets $22,500 $22,800
property, plant, and equipment 40,100 52,100
other assets 4,800 5,400
current liabilities 10,600 15,100
long-term liabilities 22,400 20,900
calculate the amount paid for goodwill.

Xd ik what you mean i was very behind last year in my classes. if u have trouble with math i suggest photomath.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan