Sally's Salsa shop has a balance sheet value of equities and liabilities of $10m ....
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Accounting
Sally's Salsa shop has a balance sheet value of equities and liabilities of $10m . It is acquired by Tim's Taco Truck for $15.
How is the extra $5m recorded on the balance sheet ?
-A sunk costs
-A goodwill
-A non-current liabilities
-It is not recorded on the balance sheet.
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You can see the logs in the Dashboard.