Business, 01.03.2021 21:50 smelcher3900
Burrough Corporation paid $80,000 to acquire all of Helyar Company's net assets. Helyar reported assets with a book value of $60,000 and fair value of $98,000 and liabilities with a book value and fair value of $23,000 on the date of combination. Burrough also paid $3,000 to a search firm for finder's fees related to the acquisition. What amount will be recorded as goodwill by Burrough Corporation while recording its investment in Helyar?
a. $0
b. $5,000
c. $8,000
d. $13,000
Answers: 1
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Burrough Corporation paid $80,000 to acquire all of Helyar Company's net assets. Helyar reported ass...
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