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H3Ko H3Ko
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Posts: 4891
7 years ago
Server Solutions paid $209,000 to acquire Tabletz, Inc., an electronic gadget-advertising website. At the time of the acquisition, Tabletz's balance sheet reported total assets of $209,000 and liabilities of $104,500. The fair market value of Tabletz's assets was $209,000. The fair market value of its liabilities was $104,500. How much goodwill did Server Solutions purchase as part of the acquisition of Tabletz?
A) $104,500
B) $209,000
C) $156,750
D) $52,250
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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7 years ago
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H3Ko Author
wrote...
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
wrote...
7 years ago
Happy to help Smiling Face with Open Mouth
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