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What is the amount of the goodwill in the transaction

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Question: Apple Enterprises acquired Development Company Holdings Inc on May 1, 2019, for a cash payment of $916,830 for the stock. Prior to the acquisition, Development Company Holdings Inc's balance sheet showed assets of $610,420 and owners' equity of $405,900. The fair value of Development Company Holdings Inc's liabilities was $204,520, the fair value of the assets was estimated to be $829,330. What is the amount of the goodwill in the transaction?

Reference no: EM132745766

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