On September 1, 2017, Winans Corporation acquired Aumont Enterprises for a cash payment of $700,000, At the time of purchase, Aumont's Balance sheet showed assets of $620,000 Liabilities of $200.000...


On September 1, 2017, Winans Corporation acquired Aumont Enterprises for a cash payment of $700,000, At the time of purchase,<br>Aumont's Balance sheet showed assets of $620,000 Liabilities of $200.000 and owners equity of $420,000,<br>The fair value of Aumonts assets is estimated to be $800 000.<br>Compute the amount of good will acquired by Winans.<br>O S80 000<br>O $100.000<br>O $180 000<br>O All of the above<br>

Extracted text: On September 1, 2017, Winans Corporation acquired Aumont Enterprises for a cash payment of $700,000, At the time of purchase, Aumont's Balance sheet showed assets of $620,000 Liabilities of $200.000 and owners equity of $420,000, The fair value of Aumonts assets is estimated to be $800 000. Compute the amount of good will acquired by Winans. O S80 000 O $100.000 O $180 000 O All of the above

Jun 10, 2022
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