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On September 1, 2014, Winans Corporation acquired Aumont Enterprises for a cash payment of $707,750....

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Accounting

On September 1, 2014, Winans Corporation acquired Aumont Enterprises for a cash payment of $707,750. At the time of purchase, Aumonts balance sheet showed assets of $615,810, liabilities of $208,750, and owners equity of $407,060. The fair value of Aumonts assets is estimated to be $818,520. Compute the amount of goodwill acquired by Winans.

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