Solved: What are the amount of goodwill, Accounting Standards

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What are the amount of goodwill

Response to the following problem:

Anton Company acquired the net assets of Hair Company on January 1, 2011, for $600,000. Using a business valuation model, the estimated value of Anton Company was $650,000 immediately after the acquisition. The fair value of Antons net assets was $400,000.

1. What amount of goodwill was recorded by Anton Company when it acquired Hair Company?

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Accounting Standards: What are the amount of goodwill

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