Compute the amount of goodwill acquired by sunland

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Reference no: EM133369898

Question: On July 1, 2020, Sunland Corporation acquired Carla Vista Company for $972,000 cash. At the time of purchase, Carla Vista's balance sheet showed assets of $837,000 and liabilities of $270,000. The fair value of Carla Vista's assets is estimated to be $1,026,000. Compute the amount of goodwill acquired by Sunland.

Reference no: EM133369898

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