Alpha company was recently sold for 1250000 using this


Question - Alpha Company was recently sold for $1,250,000. Alpha assets and liabilities consisted of the following:

Item

Amount

Cash

$75,000

Inventory

$275,000

Property, Plant & Equipment

$750,000

Accounts Payable

$350,000

Using this information, how much should be recorded as Goodwill for this transaction?

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Accounting Basics: Alpha company was recently sold for 1250000 using this
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