5- If the Excess cost over the book value was $190,000, assuming the inventory undervalued by $50,000, building is undervalued by $ 60,000, the Note payable overvalued by $ 20,000 then the Goodwill amount would equal: $100,000 d-$ 150,000 a $80,000 b- $ 60,000

5- If the Excess cost over the book value was $190,000, assuming the inventory undervalued by $50,000, building is undervalued by $ 60,000, the Note payable overvalued by $ 20,000 then the Goodwill amount would equal: $100,000 d-$ 150,000 a $80,000 b- $ 60,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

5. If the Excess cost over the book value was $190,000, assuming the inventory was
undervalued by $50,000, building is undervalued by $ 60,000, the Note payable
overvalued by $ 20,000 then the Goodwill amount would equal :
a- $ 80,000
b- $ 60,000
$100,000
d- $ 150,000

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