Cozzi Company is being purchased and has the following balance sheet as of the purchase date: $\begin{array}{llll}
\text { Current assets } & \$ 200,000 & \text { Liabilities } & \$ 90,000 \
\text { Fixed assets } & 180,000 & \text { Equity } & 290,000\\text { Total }&\$380,000&\text { Total }&\$380,000
\end{array}$ The price paid for Cozzi's net assets is $500,000. The fixed assets have a fair value of $220,000, and the liabilities have a fair value of $110,000. The amount of goodwill to be recorded in the purchase is ____.
A) $0
B) $150,000
C) $170,000
D) $190,000

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The Answer of Cozzi Company is being purchased and has the following balance sheet as of the purchase date: $\begin{array}{llll}
\text { Current assets } & \$ 200,000 & \text { Liabilities } & \$ 90,000 \
\text { Fixed assets } & 180,000 & \text { Equity } & 290,000\\text { Total }&\$380,000&\text { Total }&\$380,000
\end{array}$ The price paid for Cozzi's net assets is $500,000. The fixed assets have a fair value of $220,000, and the liabilities have a fair value of $110,000. The amount of goodwill to be recorded in the purchase is ____.
A) $0
B) $150,000
C) $170,000
D) $190,000

Cozzi Company Is Being Purchased and Has the Following Balance