Arizona corp. acquired the business data systems for $320,000 cash and assumed all liabilities at the date of purchase. data’s books showed equipment of $260,000, accounts payable of $40,000, and common stock of $220,000. an appraiser assessed the fair market value of the equipment at $250,000 at the date of acquisition. just prior to the acquisition, arizona corp. had $450,000 in cash and common stock. at what value will arizona required the equipment?

The Goodwill to be booked in Arizona Corp’s Balance Sheet if they purchase business Data System is $110,000

Explanation:

The different between the purchased price and the fair market value is called "Goodwill"

The fair market value of business Data System = fair market value of assets – fair market value of liabilities = $250,000 - $40,000 = $210,000  

The Goodwill = the purchased price - air market value

= $320,000 - $210,000 = $110,000

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answer; burned it;