Business, 15.04.2020 03:35, keananashville

The balance sheet of Cattleman's Steakhouse shows assets of $86,700 and liabilities of $14,500. The fair value of the assets is $90,500 and the fair value of its liabilities is $14,500. Longhorn paid Cattleman's $82,820 to acquire all of its assets and liabilities. Longhorn should record goodwill on this purchase of:

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The balance sheet of Cattleman's Steakhouse shows assets of $86,700 and liabilities of $14,500. The...