Solved: Amount of goodwill-purchase of hampton company, Accounting Basics

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Amount of goodwill-purchase of hampton company

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Q: The Harlow Company purchased the Hampton Company for $600,000 cash. The fair market value of Hampton's assets was $520,000 and the company had liabilities of $30,000. What amount of goodwill should Harlow record related to the purchase of Hampton Company?

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Accounting Basics: Amount of goodwill-purchase of hampton company

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