arizona corp. acquired the business data systems for $320,000 cash and assumed all liabilites at the data of purchase.  data's books showed tangible assets of $340,000, liabilities of $19,000, and stockholders' equity of $321,000. an appraiser assessed the fair market value of the tangible assets at $310,000 at the data of acquisition. a. compute the amount of goodwill acquired. b. record the acquisition in a financial statements model.  Arizona corps. financial condition just prior to the aquistion is shown in the following statements model. cash paid- liabilites assumed- total-  FMV of assets- goodwill-

Auditing: A Risk Based-Approach (MindTap Course List)
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Chapter12: Auditing Long-lived Assets And Merger And Acquisition Activity
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arizona corp. acquired the business data systems for $320,000 cash and assumed all liabilites at the data of purchase.  data's books showed tangible assets of $340,000, liabilities of $19,000, and stockholders' equity of $321,000. an appraiser assessed the fair market value of the tangible assets at $310,000 at the data of acquisition.

a. compute the amount of goodwill acquired.

b. record the acquisition in a financial statements model.  Arizona corps. financial condition just prior to the aquistion is shown in the following statements model.

cash paid-

liabilites assumed-

total- 

FMV of assets-

goodwill-

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