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Compute the amount of goodwill Wymans recorded

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Question - On September 1, 2020 Wymans Corp acquired Delta Corp for a cash payment of $975,000. At the time of the purchase the fair value of Delta's assets were $900,000 and Liabilities were $400,000. Compute the amount of goodwill Wymans recorded. Record the journal entry for the acquisition?

Reference no: EM133068769

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