On september 1, 2014, winans corporation acquired aumont enterprises for a cash payment of $703,290.
at the time of purchase, aumont's balance sheet showed assets of $609,330, liabilities of $208,360, and owners' equity of $400,970.
the fair market value of aumont's assets is estimated to be $821,050.
required:
compute the amount of goodwill acquired by winans.

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Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?