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  3. on september 1, 2025, marigold corporation acquire

On September 1, 2025, Marigold Corporation acquired Splish Brothers Enterprises for a cash payment of...

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Accounting

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On September 1, 2025, Marigold Corporation acquired Splish Brothers Enterprises for a cash payment of $680,000. At the time of purchase, Splish Brothers's balance sheet showed assets of $560,000, liabilities of $250,000, and stockholders' equity of $310,000. The fair value of Splish Brothers's assets is estimated to be $850,000. Compute the amount of goodwill recorded by Marigold in the acquisition. Value assigned to goodwill \$

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