Business, 07.06.2020 02:03 theodisb2568
Northern purchased the entire business of Southern including all its assets and liabilities for $652,750. Below is information related to the two companies: Northern Southern Fair value of assets $1,057,000 $796,000 Fair value of liabilities 575,000 306,000 Reported assets 819,000 630,000 Reported liabilities 484,000 257,000 Net Income for the year 56,000 60,000 How much goodwill did Northern pay for acquiring Southern? a. $162,750 b. $279,750 c. $373,000 d. $228,150
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Northern purchased the entire business of Southern including all its assets and liabilities for $652...
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