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3B) Susie Corporation is buying all the assets and assuming all the liabilities of John's
Barbeque Company The following information is available for John's at the date of t purchase: Accounts Receivable 250,000 Accounts payabie 150,000
Inventory 100,000 Note Payable 100,000 Land 300,000 Common Stock 200,000 Retained Earnings 400,000 The accounts receivable are worth $200,000, the inventory is worth $75,000 and the
worth $500,000. The Accounts Payable are worth book value. Additionally, the Note
Payable debt is payable interest ooiy at 10% per year for the next 5 years and then I
principal is due. The current interest rate for similar debt is 12%. Susie will pay $65
for John's. How much of the purchase price will Susie debit to goodwill? A. $ 125,000.00
B. $ 129,804.45
C. $ 117,700.45
D. $ 120,195.45
E. Some other number which is not here

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