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Compute the amount of goodwill acquired by Bramble

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Question - On September 1, 2020, Bramble Corporation acquired Marin Enterprises for a cash payment of $700,000. At the time of purchase, Marin's balance sheet showed assets of $640,000, liabilities of $190,000, and owners' equity of $450,000. The fair value of Marin's assets is estimated to be $830,000. Compute the amount of goodwill acquired by Bramble.

Reference no: EM132973100

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