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acquisilion USA Advertising paid $1 90 000 to acqui 580,000. M S Daly a...

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acquisilion USA Advertising paid $1 90 000 to acqui 580,000. M S Daly a eekly ad tisi pap A the time off, Man St Da 's h no s et eported l tal a s of $160 000 and liabilis ar 80 000. The fair rnarket al ar u i S Dai 's as ets as $120 000 Tha tai nark t value of L in S Dal 's Ealiilie Road the reauirements Requirament 1. How much goodmil did USA Advertising purchase as part of the acquis anof Main St Daly? Purchaso price to acquira Main St Daily Market value of Main St Daiy's assets Losa: Markot valuo of Man St Dally's liabi ess: Market value of Man St Daily's net assots 190.000 120,000 Requirement 2. Joumalize USA Adverising's acquisiton of Main St Davy. (Record debits frst then oredits. Select the explanation on the last i ine of the journal entry table Date Accounts and Explanation Debit Gredit

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