Brief Exercise 12-19 On September 1, 2017, Flint Corporation acquired Tunneling Limited for a cash...
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Brief Exercise 12-19 On September 1, 2017, Flint Corporation acquired Tunneling Limited for a cash payment of $932,100. At the time of purchase, Tunnelings statement of financial position showed assets of $779,700, liabilities of $452,100, and owners equity of $327,600. The fair value of Tunnelings assets is estimated to be $1,159,100. Calculate the amount of goodwill acquired by Flint. Goodwill acquired by Flint $ ?
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