Calculate the amount of goodwill acquired by winans, Accounting Basics

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Calculate the amount of goodwill acquired by winans

On September 1, 2012, Winans Corporation acquired Aumont Enterprises for a cash payment of $713,680. At the time of purchase, Aumont's balance sheet showed assets of $603,310, liabilities of $191,210, and owners' equity of $412,100. The fair value of Aumont's assets is estimated to be $816,170.

Compute the amount of goodwill acquired by Winans.

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Accounting Basics: Calculate the amount of goodwill acquired by winans

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Accounting Basics: Calculate the amount of goodwill acquired by winans

Reference No:- TGS0686336

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Recent Questions Asked Accounting Basics

Q : Evaluate the projects efficacy

Q : Find length speed and frequency of the wave

Q : Determine amount owed on mortgage after the first payment

Q : Determine the fifo method of costing

Q : Calculate the amount of goodwill acquired by winans

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Q : What will ramons total compensation

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Accounting Basics: Calculate the amount of goodwill acquired by winans

Reference No:- TGS0686336

Recent Questions Asked Accounting Basics

Q : Evaluate the projects efficacy

Q : Find length speed and frequency of the wave

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Q : Determine the fifo method of costing

Q : Calculate the amount of goodwill acquired by winans

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Q : What will ramons total compensation

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