Lawson Co.recently acquired all of Graham Inc.'s net assets in a business acquisition.The cash purchase price was $5,000,000.Graham's assets and liabilities had the following appraised values immediately prior to the acquisition: land, $1,000,000; buildings, $3,200,000; inventory, $2,000,000; long-term notes payable, for which Lawson Co.assumes payment responsibilities, $2,500,000.How much goodwill will result from this transaction?

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The Answer of Lawson Co.recently acquired all of Graham Inc.'s net assets in a business acquisition.The cash purchase price was $5,000,000.Graham's assets and liabilities had the following appraised values immediately prior to the acquisition: land, $1,000,000; buildings, $3,200,000; inventory, $2,000,000; long-term notes payable, for which Lawson Co.assumes payment responsibilities, $2,500,000.How much goodwill will result from this transaction?

Lawson CoRecently Acquired All of Graham Inc