Acme Corporation is buying all the assets and assuming all the liabilities of Stark Inc. The following information is available for Stark Inc. at the date of the purchase:
The inventory is worth $60,000, the land is worth $400,000 and the equipment is worth $300,000. Everything else is worth its book value. Acme Corporation will pay $1,000,000 for Stark Inc. How much of the purchase price will Acme Corporation debit to goodwill?© BrainMass Inc. brainmass.com December 20, 2018, 1:00 pm ad1c9bdddf
Accounts Receivable 300,000
The expert calculates goodwill assets. Acme Corporation assets are examined.