The balance sheet of Flo's Restaurant showed total assets of $600,000, liabilities of $160,000 and stockholders' equity of $540,000. An appraiser estimated the fair value of the restaurant assets at $680,000. If Alice Company pays $770,000 cash for the restaurant, what is the amount of goodwill?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The balance sheet of Flo's Restaurant showed total assets of $600,000, liabilities of $160,000 and stockholders' equity of $540,000. An ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Explain why is it difficult to measure and establish the causal effect of outsourcing on worker wages?
Answers (1)
A client in treatment for drug abuse makes the statement to some of the other clients, "I am a winner. You all are the losers because you can't beat this on your own.
Answers (1)
Semi-strong form market efficiency states that the value of a security is based on: a. all public and private information. b. historical information only. c. all publicly available information. d.
Answers (2)
The following balances come from the financial statements of a company: Sales revenue $ 850,000 Accounts receivable 280,000 Beginning inventory 50,000 Ending inventory 30,000 Net purchases 460,000 Sales returns 50,000 Sales discount 20,000 Given
Answers (1)
assume that your publicly traded company attempts to be completely transparent about its financial condition, and provides thorough information about its debt, sales, and earnings every quarters.
Answers (1)
New Questions in Business
Which of the following is a characteristic associated with warehouse showrooms? a. Low inventory levels. b. Limited floor area. c. Several specialized services. d. High-cost buildings. e. Vertical merchandise displays.
Answers (1)
The main function of the Federal Reserve System is to: A. Control the money supply B. Set reserve requirements of banks C. Clear checks from member banks D. Serve as the fiscal agent for the Federal government
Answers (1)
Parole violators account for more than half of prison admissions in many states. a. True b. False
Answers (1)
What is the best way to judge the cooking and holding temperatures of food?
Answers (1)
Robinson Company has 6,000 shares of 2%, $150 par, cumulative preferred stock outstanding. Robinson did not pay dividends during 2015, 2016, or 2017, but had met its preferred dividend requirements in all prior years.
Answers (1)