The balance sheet of Flo's Restaurant showed total assets of $600,000,liabilities of $160,000 and 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 the amount of goodwill acquired would be:
A)$90,000.
B)$170,000.
C)$250,000.
D)$230,000.

Question

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The Answer of The balance sheet of Flo's Restaurant showed total assets of $600,000,liabilities of $160,000 and 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 the amount of goodwill acquired would be:
A)$90,000.
B)$170,000.
C)$250,000.
D)$230,000.

The Balance Sheet of Flo's Restaurant Showed Total Assets of $600,000,liabilities