Solution-How much did zab pay to purchase the net assets of

How much did zab pay to purchase the net assets of yxw

Reference no: EM132576074

ZAB Industries acquired the net assets of a competitor, YXW, for cash. Amounts recorded by ZAB related to the acquisition included current assets of $80,000, intangible assets of $125,000, goodwill of $75,000, and current liabilities of $150,000.

Question 1: How much did ZAB pay to purchase the net assets of YXW?

Option 1: 130,000

Option 2: 75,000

Option 3: 55,000

Option 4: None of the other answer choices is correct.

Option 5: 70,000

Option 6: 200,000

Reference no: EM132576074

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How much did zab pay to purchase the net assets of yxw

Reference no: EM132576074

Reference no: EM132576074

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