Solved: At the time of purchase aumonts balance sheet showed assets, Accounting Basics

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At the time of purchase aumonts balance sheet showed assets

On September 1, 2014, Winans Corporation acquired Aumont Enterprises for a cash payment of $707,520. At the time of purchase, Aumont's balance sheet showed assets of $611,070, liabilities of $201,660, and owners' equity of $409,410. The fair value of Aumont's assets is estimated to be $819,560. Compute the amount of goodwill acquired by Winans.

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Accounting Basics: At the time of purchase aumonts balance sheet showed assets

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Accounting Basics: At the time of purchase aumonts balance sheet showed assets

Reference No:- TGS01362259

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