Compute the Amount Paid for Goodwill, given We Purchased the Gilroy Bike-Corp. for $800,000 Cash. The Gilroy Bike-Corp. had the Following Accounts; Receivables= $100,000, Inventory=$200,000, Equipment=$300,000, Notes Payable=$400,000.
a. 400,000
b. 600,000
c. 800,000
d. None of these Choices
e. 200,000
