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Goodwill Raider Co. recently acquired all of Lost Arc, Inc.’s net assets in a busi- ness… 1 answer below » Goodwill Raider Co. recently acquired all of Lost Arc, Inc.’s net assets in a busi- ness acquisition. The cash purchase price was $6.3 million. Lost Arc, Inc.’s assets and liabilities had the following appraised values immediately prior to the acquisition: land, $1.2 million; buildings, $2.9 million; inventory, $1.7 million; long-term notes payable, for which Raider Co. assumes payment responsibilities, $1.0 million. Required: How much goodwill will result from this transaction? Dec 04 2015 02:57 PM
