On september 1 2012 winans corporation acquired aumont, Ask an Expert

Accounting

On September 1, 2012, Winans Corporation acquired Aumont Enterprises for a cash payment of $713,680. At the time of purchase, Aumont's balance sheet showed assets of $603,310, liabilities of $191,210, and owners' equity of $412,100. The fair value of Aumont's assets is estimated to be $816,170.

Compute the amount of goodwill acquired by Winans.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9959071

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