on September 1, 2018, Vargas Corporation acquired Rose Company for a cash payment of $...
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Accounting
on September 1, 2018, Vargas Corporation acquired Rose Company for a cash payment of $ 910,000. Rose's balance sheet showed assets of $ 640,000 and liabilities of $ 240,000 and owner's equity of $ 440,000. The fair value of Rose's assets were $ 720,000. Please compute the amount of goodwill acquired by Vargas.
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