On september 1 2010 winans corporation acquired aumont, Ask an Expert

Accounting

On September 1, 2010, Winans Corporation acquired Aumont Enterprises for a cash payment of $680,960. At the time of purchase, Aumont's balance sheet showed assets of $611,060, liabilities of $213,800, and owners' equity of $397,260. The fair value of Aumont's assets is estimated to be $816,210. Compute the amount of goodwill acquired by Winans.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9413119

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