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How much should be recorded as goodwill for this transaction

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

Item Amount

Cash $75,000

Inventory $275,000

Property, Plant & Equipment (net) $750,000

Accounts Payable $350,000

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

Reference no: EM132240445

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