The balance sheet of Flo's Restaurant showed total assets of $560,000, llabilities of $184,000 and...
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Accounting
The balance sheet of Flo's Restaurant showed total assets of $560,000, llabilities of $184,000 and equity of $426,000. An appraiser estimated the fair value of the restaurant assets at $665,000. If Alice Company pays $905,000 cash for the restaurant the amount of goodwill acquired would be: O $240,000o. O $345,000. O $479,000 O $424,000
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