Bully Ltd acquires all the business assets and liabilities of Small Ltd for $700 000 cash.The best estimates of the fair market values of the assets and liabilities are: What is the value of goodwill acquired by Bully Ltd?
A) $20 000
B) $110 000
C) $200 000
D) $500 000

Question

Bully Ltd acquires all the business assets and liabilities of Small Ltd for $700 000 cash.The best estimates of the fair market values of the assets and liabilities are:  What is the value of goodwill acquired by Bully Ltd?
A) $20 000 
B) $110 000 
C) $200 000 
D) $500 000

Quizplus · Accepted Answer

The Answer of Bully Ltd acquires all the business assets and liabilities of Small Ltd for $700 000 cash.The best estimates of the fair market values of the assets and liabilities are:  What is the value of goodwill acquired by Bully Ltd?
A) $20 000 
B) $110 000 
C) $200 000 
D) $500 000

Bully Ltd Acquires All the Business Assets and Liabilities of Small