The balance sheet of Flo's Restaurant showed total assets of $320,000, liabilities of $88,000 and stockholders' equity of $282,000. An appraiser estimated the fair value of the restaurant assets at $365,000. If Alice Company pays $425,000 cash for the restaurant, what is the amount of goodwill? Multiple Choice $105,000 $148,000 $143,000 $60,000
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