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  3. arizona corporation acquired the business data sys

Arizona Corporation acquired the business Data Systems for $325,000 cash and assumed all liabilities at...

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Accounting

Arizona Corporation acquired the business Data Systems for $325,000 cash and assumed all liabilities at the date of purchase. Data's
books showed tangible assets of $350,000, liabilities of $20,000, and stockholders' equity of $330,000. An appraiser assessed the
fair market value of the tangible assets at $315,000 at the date of acquisition. Arizona Corp.'s financial condition just prior to the
acquisition is shown in Required B.
Required
a. Compute the amount of goodwill acquired.
b. Record the acquisition in a financial statements model.
Complete this question by entering your answers in the tabs below.
Required B
Compute the amount of goodwill acquired.
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