The balance sheet of Ernie's Restaurant showed total assets of $660,000, liabilities of $224,000 and equity of $486,000. An appraiser estimated the market value of the restaurant assets at $790,000. If Bert Company pays $1,105,000 cash for the restaurant, the amount of goodwill purchased would be: $315,000. $445,000. $619,000. $539,000.

The balance sheet of Ernie's Restaurant showed total assets of $660,000, liabilities of $224,000 and equity of $486,000. An appraiser estimated the market value of the restaurant assets at $790,000. If Bert Company pays $1,105,000 cash for the restaurant, the amount of goodwill purchased would be:

$315,000.

$445,000.

$619,000.

$539,000.

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