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Compute the amount of goodwill acquired by winans

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Question 1: On September1, 2010, winans Corporation acquired Amount Enterprise for a cash payment of Br. 700,000 At the time of purchase, Aumont's balance sheet showed assets of Br. 620,000, liabilities of Br. 200,000 , and owner's equity of bR. 420,000. The fair value of Aumont's assets is estimated to be Br. 800,000 . Compute the amount of goodwill acquired by winans.

Reference no: EM132589364

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